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Family Dollar 1196 N Martin Luther King Jr St 8,320 SF 100% Leased Retail Building Natchez, MS 39120 $993,064 ($119.36/SF) 8.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 2016 build-to-suit construction for Family Dollar
- RARE 10% rental increase in 2026 and in all six option periods
- Nearby national tenants include Walmart, Walgreens, CVS, Advance Auto Parts, Sonic, Wendy’s, and many more
- Absolute NNN lease with zero landlord responsibilities
- Corporately guaranteed lease from Family Dollar Corporation
- ±5 mile population in excess of 23,638 resident
EXECUTIVE SUMMARY
Broker of Record
Phillip Carpenter
License # C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Phillip Carpenter
License # C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
8,320 SF
Year Built
2016
Price
$993,064
Price Per SF
$119.36
Cap Rate
8.75%
NOI
$86,893
Percent Leased
100%
Building Height
1 Story
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0020-0004-0018 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $94,493 |
PROPERTY TAXES
Parcel Number
0020-0004-0018
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$94,493
(214) 347-7988
x4188
CONTACTS
-
Wyatt Wagner -
Scotty Latimer -
Josh Bishop -
Matthews Real Estate Investment Services
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Family Dollar | 1196 N Martin Luther King Jr St
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