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304 Mason St 7,250 SF Retail Building Laurel, MS 39440 $1,276,000 ($176/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | Zero Landlord Responsibilities
- Five Mile Population 28,873
- 8,994 Cars Per Day on Sawmill Road
- Signalized Hard Corner Location | Accessible From Both Streets
- 4 (5 Year) Options to Renew | 10% Rental Increases at Each Option
- Across the Street From 350,000 SF Sawmill Square Mall
EXECUTIVE SUMMARY
This Family Dollar is highly visible as it is strategically positioned on the signalized corner of Sawmill Road (which sees 8,994 cars per day) and Mason Street (which sees 6,799 cars per day). The site can conveniently be accessed from both streets. The ?ve mile population from the site is 28,873 while the one mile average household income is$57,921 per year, making this location ideal for a Family Dollar. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. List price re?ects a 8.00% cap rate based on NOI of $102,080.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$102,080
|
$14.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$102,080
|
$14.08
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $102,080 |
| Annual Per SF | $14.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $102,080 |
| Annual Per SF | $14.08 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 7,250 SF
- $14.08
- Triple Net
- Jan 2030
Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 7,250 SF | $14.08 | Triple Net | Jan 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 119Z-06-12-003.00 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $46,529 (2025) |
PROPERTY TAXES
Presented by
304 Mason St
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