www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31525807
31535658

419 Lehmberge St, Columbus, MS 39705

AV
CA 01982366
Touchstone Commercial Partners
Listed by Touchstone Commercial Partners
$909,698
57 days on market
Updated 57 days ago

'Golden Triangle' Absolute NNN Dollar General

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,100
Cap Rate 8.23%
NOI $74,868
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 07/31/2032
Remaining Term 6.3
Rent Bumps Yes
Lease Options 5 Five-Year Options
Broker Co-Op Yes
Year Built 2017
Acreage 1.370
Investment Type Net Lease
Ownership Fee Simple
Sale Condition 1031 exchange

'Golden Triangle' Dollar General / #1 Manufacturing Growth Region

Marketing description

TOUCHSTONE COMMERCIAL PARTNERS is pleased to present the opportunity to acquire a Dollar General located in Artesia, Mississippi. This offering features an absolute triple net lease with zero landlord responsibilities. The lease extends through July 2032 and includes a five 5-year renewal option, each with a 10% rent increase.

Artesia is strategically positioned within Mississippi’s Golden Triangle, the three-county regional economy anchored by Columbus, Starkville, and West Point. The Golden Triangle region is a fast-growing manufacturing powerhouse and is home to major employers and industrial operators, including Steel Dynamics, PACCAR, Aluminum Dynamics, International Paper, Yokohama Tire, and Airbus Helicopters.

Aerospace, defense, and workforce development provide an equally important second pillar. Columbus Air Force Base is a major pilot-training installation that generates $647 million in annual economic impact, while Mississippi State University strengthens the market through talent development, research, and regional consumer traffic.

Broker of Record: Bang Realty of Mississippi, Inc., Lic #21543

Investment highlights

  • 6.3+ YEARS ABSOLUTE NNN - Five 5-Yr Renewal Options. 10% Rent Increase Each Option
  • STRATEGICALLY LOCATED WITHIN THE GOLDEN TRIANGLE - $7.25B GDP, $12B Capital Investments, 174,000 Workforce
  • #1 MANUFACTURING GROWTH REGION IN THE U.S. - Top Employers Include Steel Dynamics, International Paper, Yokohama Tires
  • NEARBY COLUMBUS AIR FORCE BASE - Top Pilot-Training Center. $647M Annual Economic Impact
  • NATIONAL INVESTMENT-GRADE TENANT (NYSE:DG) - $42.7B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease

Listing Contacts

AV
CA 01982366
Touchstone Commercial Partners
Listed by Touchstone Commercial Partners

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,868.00
$6,239.00/mo

Valuation Metrics

0
DSCR
8.23%
Cap Rate
8.23%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591