Dollar General
Retail | 7.57% CAP | 9,014 SqFt
Marketing description
EXECUTIVE SUMMARY
NX3 Commercial Group is pleased to exclusively present a corporate-guaranteed Dollar General investment at 4401 Bienville Boulevard in Ocean Springs, Mississippi. Offered at $1,280,000 with a 7.57% cap rate and $96,832.80 in annual NOI, this fee simple, double net asset delivers immediate passive income backed by Dollar General Corporation (NYSE: DG), a BBB-rated credit tenant with 20,000+ locations nationwide. Dollar General recently executed a brand-new five-year lease extension through April 2031, with two additional five-year options and 10% rent bumps at each renewal — providing up to 15 years of corporate-backed income growth. The tenant has operated at this location for over 20 years, reflecting deep commitment to the market.
Situated on US Route 90 with approximately 25,000–28,000 vehicles per day and surrounded by national co-tenants including Walmart, Lowe's, and Tractor Supply Co., the property benefits from a proven retail corridor and strong demographics — 37,600+ residents within five miles averaging $111,000 in household income. An ideal fit for 1031 exchange buyers or passive investors seeking low-management, credit-tenanted real estate.
Please reach out directly to our lead agent on this deal below:
Jack Flynt
919-605-1713
Investment highlights
- Corporate-Guaranteed Lease — Dollar General Corporation (NYSE: DG), BBB credit rating from S&P, 20,000+ locations nationwide
- Freshly Extended Lease — Brand-new 5-year term commencing May 1, 2026, demonstrating long-term commitment to this location (20+ years of continuous occupancy)
- Attractive 7.57% Cap Rate — $96,832.80 NOI on a $1,280,000 asking price
- Built-In Rent Growth — 10% rent escalations with each of the two five-year renewal options
- Fee Simple Ownership — Investor owns land and building outright with no ground lease complications
- Double Net Lease Structure — Tenant reimburses real estate taxes, insurance, and a fixed monthly CAM contribution, minimizing landlord responsibilities
- High-Traffic Location — Positioned on US Route 90 with approximately 25,000–28,000 VPD connecting Ocean Springs to the Biloxi resort corridor
- Strong Demographics — 37,601 residents within 5 miles with average household income of $111,212, well above state averages
- Dense Retail Corridor — Neighboring tenants include Walmart Supercenter, Tractor Supply Co., Lowe's, Walgreens, McDonald's, and more
- Ideal 1031 Exchange Candidate — Passive, low-management investment with investment-grade credit and long-term lease security
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