This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
3421 Highway 301 S
Hernando, MS 38632
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 13.6 years remaining
- High Population Growth
- NNN Lease
- Memphis TN MSA
- Stong Tenant
PROPERTY FACTS
ABOUT 3421 HIGHWAY 301 S , HERNANDO, MS 38632
Prime Net Lease is pleased to present this 9,026 SF Dollar General store located in Hernando, MS The property is encumbered with a fifteen 15 year absolute NNN lease, leaving zero landlord responsibilities. There are currently 13.6 years remaining on the base lease. The lease contains 5 (5)- year options to renew, each feature s a 10 rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “ which is classified as Investment Grade. This Dollar General is highly visible as it is strategically positioned in Hernando, MS The three mile population from the site exceeds 4,500 while the five mile average household income exceeds 66,000 per year, making this location ideal for a Dollar General. The subject offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.
PROPERTY TAXES
| Parcel Number | 3095210000000205 | Improvements Assessment | $124,718 |
| Land Assessment | $11,250 | Total Assessment | $135,968 |
PROPERTY TAXES
