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Dollar General 6352 Hwy 11 N 10,566 SF Retail Building Picayune, MS 39466 $1,677,286 ($158.74/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Built to Suit for Dollar General in 2018
- Absolute NNN Lease w/ No Landlord Obligations
- 10% Rent Increase at Each Option Renewal w/ (4) 5 Year Options to Renew
- 9 Years Remaining on Original 15 Year Lease
- Investment Credit S&P Rated "BBB" Corporate Guarantee Lease by Dollar General
- Strategically Located on US-11 next to the USPS Post Office and blocks away from Highland Community Hospital
EXECUTIVE SUMMARY
Built to Suit for Dollar General in 2018
9 Years Remaining on Original 15 Year Lease
Absolute NNN Lease w/ No Landlord Obligations
Investment Credit S&P Rated "BBB" Corporate Guarantee Lease by Dollar General
10% Rent Increase at Each Option Renewal w/ (4) 5 Year Options to Renew
Strategically Located on US-11 next to the USPS Post Office and blocks away from Highland Community Hospital
The Nearest Dollar General is 4 Miles North; Dollar General is the Only Market / Dollar Store in the 4 Mile Span
10,566 SF Building on 1.44 Acres
9 Years Remaining on Original 15 Year Lease
Absolute NNN Lease w/ No Landlord Obligations
Investment Credit S&P Rated "BBB" Corporate Guarantee Lease by Dollar General
10% Rent Increase at Each Option Renewal w/ (4) 5 Year Options to Renew
Strategically Located on US-11 next to the USPS Post Office and blocks away from Highland Community Hospital
The Nearest Dollar General is 4 Miles North; Dollar General is the Only Market / Dollar Store in the 4 Mile Span
10,566 SF Building on 1.44 Acres
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Building Class
B
Year Built
2018
Price
$1,677,286
Price Per SF
$158.74
Cap Rate
7%
NOI
$117,410
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.44 AC
AMENITIES
- 24 Hour Access
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6-17-1-02-000-000-7702 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $180,659 |
PROPERTY TAXES
Parcel Number
6-17-1-02-000-000-7702
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$180,659
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Dollar General | 6352 Hwy 11 N
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