Property Listing No Longer Available for Sale

18080 US Highway 82, Mathiston, MS

Retail for Sale - $321,788 - 8,000 Sq. Ft. on 1 acres


Property Info

CIMLS#433593
Location
  18080 US Highway 82
  Mathiston MS 39752
UpdatedApril 17th, 2012
TypeRetail
Price$321,788
Building8,000 Sq. Ft.
Land1 acres

Property Description

Bull Realty brings this established single tenant, net lease Dollar General offering to market in Mathiston MS. This +/- 8,000 sq ft building, built in 2002, sits on an approximately 1.00 acre parcel with a concrete parking lot. Well located on Highway 82, the main thoroughfare through town, just east of the Natchez Trace Pkwy, the subject is less than 20 miles from Starkville and Mississippi State University. Within a 10-mile radius, the population is 10,725 with an average household income of $39,866.

The current annual rent is $28,800 with minimal landlord responsibilities. This NN property has three 5-year option periods each featuring a 10% increase in rents. Dollar General has 10,000 locations throughout the US and is the largest discount “small box” retailer in the US. Their success is demonstrated by their BB+ rating with Standard & Poors and their consistent quarter over quarter stock earnings growth since going public in 2009.

This investment makes good sense to investors looking to diversify and gain solid returns. Offered at an attractive 8.9% cap rate, an investor will be able to take advantage of strong tenant fundamentals and ease of ownership with a net lease.

This property is part of a portfolio of eight Dollar Generals, two Family Dollars and one Fred’s in AL, GA, KY, MS & TN that can be purchased together or separately.

Please contact Sheree for additional details regarding this property.

Please Contact:

Sheree Berk Strome, CCIM

Sheree@BullRealty.com

404.876.1640 x 122