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4793 Poticaw Bayou Rd 10,566 SF Retail Building Vancleave, MS 39565 $2,156,596 ($204.11/SF) 7.05% Cap Rate
INVESTMENT HIGHLIGHTS
- Dollar General boasts an investment grade credit rating of BBB (S&P)
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
- Dollar General has ±19,600 locations and plans to continue their expansion for the foreseeable future
- Dollar General has a market cap of ±$30 billion
EXECUTIVE SUMMARY
2024 Built to Suit Construction for Dollar General. Larger ±10,566 square foot prototype. 5% increases every 5 years in the base term, providing an excellent hedge against inflation. Extremely strong corporately guaranteed lease. Less than ±20 miles north of Biloxi, MS. 10 mile population in excess of 41,287 residents. Healthy average household income of $118,194.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
10,566 SF
Building Class
C
Year Built
2024
Price
$2,156,596
Price Per SF
$204.11
Cap Rate
7.05%
NOI
$152,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.96 AC
Zoning
C - Commercial
Parking
14 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
90’ on Kenneth Cole Road
PROPERTY TAXES
| Parcel Number | 0-23-09-550.000 | Improvements Assessment | $21,404 |
| Land Assessment | $4,806 | Total Assessment | $26,210 |
PROPERTY TAXES
Parcel Number
0-23-09-550.000
Land Assessment
$4,806
Improvements Assessment
$21,404
Total Assessment
$26,210
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4793 Poticaw Bayou Rd
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