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880 Lower Myrick Rd 10,640 SF Retail Building Laurel, MS 39443 $1,971,549 ($185.30/SF) 7.10% Cap Rate
EXECUTIVE SUMMARY
Brand new 2025 build-to-suit construction for Dollar General
15 Years Absolute NNN Lease – Zero Landlord Responsibilities
Attractive 5% increases every 5 years in the base term
10-mile population in excess of 41,430 residents
Corporately guaranteed lease from Dollar General Corporation
Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
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
15 Years Absolute NNN Lease – Zero Landlord Responsibilities
Attractive 5% increases every 5 years in the base term
10-mile population in excess of 41,430 residents
Corporately guaranteed lease from Dollar General Corporation
Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
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
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
10,640 SF
Building Class
C
Year Built
2025
Price
$1,971,549
Price Per SF
$185.30
Cap Rate
7.10%
NOI
$139,980
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
38.50 AC
Zoning
Commercial - Commercial
PROPERTY TAXES
| Parcel Number | 109-24-00-052.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,780 |
PROPERTY TAXES
Parcel Number
109-24-00-052.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,780
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880 Lower Myrick Rd
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