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- LoopNet Team
2815 8th St
Meridian, MS 39301
Family Dollar | True NNN · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Air Conditioning
ABOUT 2815 8TH ST , MERIDIAN, MS 39301
Don't miss this one! This is a rare NNN leased Family Dollar, located in Meridian, MS, with 10+ years remaining on the 15-year lease. The store, built in 2015, is now on a signalized corner in a densely populated neighborhood with over 31,000 people in a 3-mile radius. The NNN lease has rare CPI increases every 3 years, including in the six 5-year option periods, not to exceed 6% in any adjustment period. The 2018 rent adjustment yielded a 6% increase. This lease requires NO landlord responsibilities as the tenant is responsible for taxes, insurance, repairs, and maintenance. Additionally, the lease has a corporate guarantee by Family Dollar, now a subsidiary of Dollar Tree. This store is an ideal 1031 replacement property and a 7% cap, making it an exceptional value. Compare this to the new NN leases and you will recognize the value here!
PROPERTY TAXES
| Parcel Number | 084-18-2-0119-000-00100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $102,644 |
PROPERTY TAXES
