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1258 Road 931, Tupelo, MS, 38804

Dollar General
$1,154,538

Key Information

Cap Rate
7.75%
Tot. SF
9,026
Year Built
2017
Term Remaining
±6.5 YRS
Type
Retail

Highlights

Lease & Location:

  • 2017 build-to-suit construction for Dollar General
  • Absolute NNN lease – Zero landlord responsibilities
  • Nearby national tenants include Chevron, The Home Depot, Lowes, Kroger, Walmart Supercenter and many more
  • Corporately guaranteed lease from Dollar General Corporation
  • Currently Scheduled for a remodel- proving long term commitment to this location
  • Average household income of $71,188, which is considered to be in the income “sweet spot” for Dollar General

Tenant:

  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
  • Dollar General has an investment-grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.

Photos

Location

Agents

Broker of Record

Phillip Carpenter

License # C-11708 (MS)
Matthews
1437 Old Square Road, Suite 104 Jackson, MS 39211