Cap Rate
7.15%
Price Per Unit
$146
Year Built
2022
Leasable Area
10,566 SF
Term Remaining
±13.5 Yrs
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2022 build-to-suit construction for Dollar General
- Extremely high quality UPGRADED construction (no metal sides)
- ±13.5 years remaining on a 15 year Absolute NNN Lease – Zero Landlord Responsibilities
- Limited Competition- subject property is the only dollar store in Smithville
- 10 mile population in excess of ±16,498 residents
- Corporately guaranteed lease from Dollar General Corporation
- Dollar General has ±19,600 locations and plans to continue their expansion for the foreseeable future
- Dollar General boasts 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
Broker of Record
- Phillip Carpenter
- License No. C-11708 (MS)
- (866) 889-0550
- Carpenter Properties, Inc.
- 1437 Old Square Road,
Suite 104 Jackson, MS 39211