3305 Pemberton Square Blvd
Vicksburg, MS
Retail for Sale - $1,391,900 - 9,026 Sq. Ft. on 1.68 acres
Property Info
| CIMLS# | 893518 |
| Location 3305 Pemberton Square Blvd Vicksburg MS 39180 | |
| Updated | October 18th, 2016 |
| Type | Retail |
| Price | $1,391,900 |
| Building | 9,026 Sq. Ft. |
| Land | 1.68 acres |
Property Description
Bull Realty is pleased to offer for sale this NNN Dollar General in Vicksburg, Mississippi, located directly off Interstate 20 and sur-rounded by other retail stores including Kroger and Home Depot. This single tenant net lease property has an initial lease term ending in January 2028 with five 5 year renewal options. The subject prop-erty is a +/- 9,026 SF single tenant building built in 2013. It is situat-ed on a +/- 1.68 acre site in a busy retail corridor with a population of 29,714 within 5 miles. This established and successful offering is priced at a 7% cap rate based on an annual net income of $97,428.
- Over 12 years remaining on lease term
- 7% Cap rate
- (5) 5 Year renewal options
- Rare 3% rent increase in Year 11 and 10% in each option period
- Current annual income of $97,428
- True NNN lease with no landlord responsibilities
Nancy Miller, CCIM
Bull Realty, Inc.
404-876-1640 ext. 118
NMiller@BullRealty.com