Listed by Exclusive Realty
$1,111,964
Dollar General, Laurel, MS
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,026
Cap Rate 8.25%
NOI $91,737
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 15
Lease Expiration 01/01/2027
Remaining Term 0.6
Rent Bumps Yes
Lease Options 5 (5) Year Options
Price per SqFt $123
Year Built 2011
Buildings 1
Acreage 1.100
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2012
Retail | 8.25% CAP | 9,026 SqFt
Marketing description
Exclusive Realty is pleased to present this 9,026 square foot Dollar General store located in Laurel, Mississippi. The property has a NNN Lease, leaving Zero Landlord Responsibilities. The lease is corporately guaranteed by Dollar General, Inc., which holds a credit rating of “BBB” and this is classified as investment grade. Dollar General has operated at this location since lease commencement in 2012, showing commitment to the site.
Investment highlights
NNN Lease/Zero Landlord Responsibilities
9,026 Square Feet on 1.1 Acre Lot
Dollar General has operated at this location since lease commencement in 2012, showing commitment to the site
Over 29,000 Residents within a 5 Mile Radius
Listing Contacts
Listed by Exclusive Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,737.00
$7,644.75/mo
Valuation Metrics
0
DSCR
8.25%
Cap Rate
8.25%
ROI
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