Bull Realty has been authorized to reduce the price on this established and successful Dollar General to a 9% cap rate. This 9,100 sq ft free standing store, built in 2004, is located in Hattiesburg, MS on a busy commercial artery. The site is approximately 1 acre and features a low maintenance concrete parking lot. Current net income, which is guaranteed by Dollar General, is $50,400 annually. As a result of strong store sales, Dollar General extended the initial NN lease term by 6.25 years to mid 2020 along with five 5-year renewal options, each featuring a 7% increase in rents. With this price reduction, minimal landlord responsibilities, and a successful national credit tenant, a good investment has become even better.

The subject property is located in West Hattiesburg, Lamar County, just north of the rapidly expanding retail corridor that includes Turtle Creek Mall and the 211-bed Wesley Medical Center. Hattiesburg is home to the University of Southern Mississippi and renowned for it