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29647110

4135 MS-44, Summit, MS 39666 For Sale

KA
TX 708586, GA 381358 (+3)
The Kase Group
JA
CA 01385529, NE #20160307 (+1)
The Kase Group
The Kase Group
Listed by The Kase Group
$1,281,000
161 days on market
Updated 40 days ago

Family Dollar

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,500
Cap Rate 9%
NOI $115,290
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Expiration 02/28/2034
Remaining Term 7.6
Rent Bumps Yes
Lease Options Five 5-Year Renewal Options
Price per SqFt $122
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Net Leased Offering | 9.00% CAP | Corporate Guarantee

Marketing description

The Kase Group is pleased to o􀆴er the opportunity to acquire a newly-leased Family Dollar

property located at 4135 Mississippi 44 in Summit, Mississippi. This 10,500 square foot, single tenant

retail property is leased on a 10-year net lease (NN), offering minimal landlord obligations.

The lease is backed by a corporate guarantee from Family Dollar.

Strategically situated on Highway 44, the property benefits from excellent visibility and easy

access to surrounding areas, enhancing its appeal to both consumers and investors. Summit, MS,

is an established retail hub, and the Family Dollar store contributes to the growing demand for

convenient, affordable retail options. The lease includes five, 5-year renewal options, with

$0.50/SF rent increases in each renewal period.

The surrounding commercial environment features essential retailers such as the adjacent Piggly

Wiggly and 4 Way Quick Stop. Tra􀆵c is further driven by major regional anchors, including

Southwest Mississippi Community College and the 160-bed Southwest Mississippi Regional

Medical Center, which draw significant daytime visitors. The property serves a tight-knit

community within the broader Pike County trade area of approximately 40,000 residents,

benefiting from a stable consumer base anchored by the local industrial and healthcare sectors.

Investment highlights

New 10-Year Net-Leased Family Dollar

10,500 SF Single-Tenant Retail Property

Five, 5-Year Renewal Options with $0.50/SF Rent Increases

Minimal Landlord Obligations

Corporate Guarantee from Family Dollar

Strategic Location on Highway 44 in Summit, MS

High Visibility and Easy Access to Major Roads

Strong National Tenant with Established Market Presence

Listing Contacts

KA
TX 708586, GA 381358 (+3)
The Kase Group
JA
CA 01385529, NE #20160307 (+1)
The Kase Group
The Kase Group
Listed by The Kase Group

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,290.00
$9,607.50/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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