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Dollar General 611 W Madison St 9,014 SF Retail Building Houston, MS 38851 $600,000 ($66.56/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Top 21% Dollar General nationwide (Placer.Ai), reflecting above average customer traffic.
- Three options remaining with rent increases.
- Positioned next to another National Retailer in O’Reilly Auto Parts, which is also available for purchase.
- Attractive basis with below market rent of $5.99/SF and being below replacement cost.
- Long term operating history at the site of 20 years.
EXECUTIVE SUMMARY
Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a Dollar General property located at 611 W Madison Street in Houston, Mississippi.
The property is leased to Dolgencorp, LLC, a wholly owned subsidiary of Dollar General Corporation (NYSE: DG), which operates approximately 20,000 locations
nationwide. This store performs exceptionally well, ranking in the top 21% of Dollar General locations nationally according to Placer.ai. The asset benefits from several recent capital improvements, including two HVAC unit replacements in 2021 and 2022 and roof improvements completed in 2023. Additional site features include prominent pylon signage, two points of ingress and egress, and a 9,014 square foot building situated on 0.80 acres. With rent levels below market and the asset positioned below replacement cost, this investment provides an attractive entry point with long-term value potential.
The property is leased to Dolgencorp, LLC, a wholly owned subsidiary of Dollar General Corporation (NYSE: DG), which operates approximately 20,000 locations
nationwide. This store performs exceptionally well, ranking in the top 21% of Dollar General locations nationally according to Placer.ai. The asset benefits from several recent capital improvements, including two HVAC unit replacements in 2021 and 2022 and roof improvements completed in 2023. Additional site features include prominent pylon signage, two points of ingress and egress, and a 9,014 square foot building situated on 0.80 acres. With rent levels below market and the asset positioned below replacement cost, this investment provides an attractive entry point with long-term value potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2006
Price
$600,000
Price Per SF
$66.56
Cap Rate
9%
NOI
$54,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.40 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $64,115 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$64,115
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Dollar General | 611 W Madison St
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