Dollar General | Okolona, MS (Tupelo MSA)
Retail | 6.70% CAP | 10,640 SqFt
Marketing description
Randall Commercial Group, LLC is pleased to exclusively offer this free-standing Dollar General investment property located in Okolona, MS. The subject property has a 15-year, NNN lease with approximately 10.5 years remaining on the lease. The property is situated on E. Monroe Ave (MS-41), which is the primary east-west thoroughfare connecting the residential heart of Okolona to the major industrial and highway arteries. Okolona is currently benefiting from a wave of regional investment that bolsters the long-term viability of its economic base. Chickasaw County is home to a major 145-megawatt solar project, a multi-million-dollar investment that provides a stable tax revenue stream for the county. A recent $1 million Dual Substation Project has upgraded the local electric grid, ensuring high-tier utility reliability for the area’s businesses. In addition, the Mississippi Legislature recently approved $1.5 million in direct appropriations (FY2026) for the Okolona School District. Dollar General is an investment grade tenant with a Standard & Poor's "BBB" credit rating and is considered one of the strongest tenants in the nation.
The subject property is situated on E. Monroe Ave (MS-41), which is the primary east-west thoroughfare connecting the residential heart of Okolona to the major industrial and highway arteries. It sits just west of the intersection with MS-45 Alternate, the region's most significant commercial corridor, which ensures the store captures "homebound" traffic from commuters returning from Tupelo or West Point. Okolona is situated along the Highway 45 Alternate corridor and is perfectly positioned to capture both local and regional traffic flows. Located just 20 miles south of Tupelo, Okolona serves as a key "bedroom community" for the thousands of workers employed at nearby industrial giants like Toyota and the North Mississippi Medical Center. In addition, several universities in close proximity are Blue Mountain College, Mississippi State University, Mississippi University for Women, University of Mississippi and community colleges of East Mississippi and Itawamba. Okolona is 121 miles from Memphis International airport and 18 miles from Tennessee-Tombigbee Port in Amory. Okolona, MS is known as The Little City That Does Big Things. Source: Google Gemini
Investment highlights
NNN Single Tenant Investment Opportunity
15-year initial lease term with +/- 10.5 years remaining
Five (5), Five (5) Year Options with 10% increases
The property is situated on MS-41 (E. Monroe Ave), which is the primary east-west thoroughfare
Sits just west of the intersection with MS-45 Alternate, the region's most significant commercial corridor.
Okolona is positioned just 20 miles south of Tupelo, a major regional manufacturing and healthcare hub.
The state recently appropriated $1.5 million (FY2026) specifically for improvements to the Okolona School District
Okolona is one of two county seats of Chickasaw County
Chickasaw County serves as a vital support hub for the larger industrial markets nearby
A massive 145-megawatt solar facility is currently under development in Chickasaw County. This project represents a $50 million revenue boost for the county over its lifespan
A recent $1 million Dual Substation Project was launched to upgrade the electric grid specifically for Chickasaw and neighboring counties
Source: Google Gemini
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