Cap Rate
7.45%
Tot. SF
10,542
1301 Highway 13 N , Columbia, MS, 39429
Dollar General$1,507,022
Key Information
Lot Size
1.51 Acres
Year Built
2022
Term Remaining
±11.75
Type
Retail
Highlights
- 2022 Build-to-Suit Construction: Brand-new 2022 build-to-suit construction specifically for Dollar General, featuring extremely high-quality upgraded construction (no metal sides) for superior durability and appeal.
- Long-Term Lease Term: ±11.75 years remaining on a 15-year Absolute NNN lease – zero landlord responsibilities, delivering truly passive ownership.
- Strong Population Support: 5-mile population in excess of 10,659 residents, providing a solid customer base for consistent demand.
- Relocation Store Advantage: Relocation from a previously existing Dollar General site, confirming a proven location with an established customer base and demonstrated market strength.
- Corporate-Guaranteed Lease: Lease is corporately guaranteed by Dollar General Corporation, ensuring reliable, investment-grade-backed income.
- Prime Retail Synergy: Surrounded by strong national tenants including KFC, Walmart Supercenter, Tractor Supply, Walgreens, UPS, Taco Bell, NAPA, Sonic, and many more, creating excellent retail synergy and increased foot traffic.
- Extensive National Footprint: Dollar General operates ±19,500 locations nationwide and continues aggressive expansion plans for the foreseeable future.
- Investment-Grade Credit: Dollar General maintains a BBB investment-grade credit rating from S&P, reflecting strong financial stability.
- Essential, Recession-Resilient Retailer: As an essential retailer, Dollar General proved to be one of the most profitable companies throughout the COVID-19 pandemic, demonstrating durable performance across economic cycles.
Photos
Location
Agents
J
Josh BishopLicense # 688810 (TX)
S
Scotty LatimerLicense # 790608 (TX)
Broker of Record
Philip Carpenter
License # C-11708 (MS)Carpenter Properties, Inc.1437 Old Square Road, Suite 104 Jackson, MS 39211