Cap Rate
8.5%
Gross SQFT
8,495
Year Built
1996
Term Remaining
±4 Yrs
NOI
$48,144
Property Type
Retail
INVESTMENT HIGHLIGHTS
- Corporate Guarantee – Dollar General has over 18,000 locations
- NN – The landlord has minimal responsibilities and receives additional income from Dollar General to cover CAM
- Collinsville – Collinsville is a town located ± 10 miles to the northwest of Meridian, Mississippi.
- Long-term commitment – The tenant has been at the site since 2001, executing multiple extensions
- Essential Retailer – Dollar General has proven to be one of the most profitable companies throughout the COVID pandemic
- Expanding Concept – Dollar General has over 18,000 locations and has slated 1,000 more for 2022
Broker of Record
- Phillip Carpenter
- License No. 18906 (MS)
- (601) 957-1001
- Carpenter Properties, Inc.
- 1437 Old Square Road,
Suite 104 Jackson, MS 39211