Cap Rate
7.15%
Year Built
2022
Leasable Area
10,640 SF
Term Remaining
±13 Yrs
Property Type
Retail
INVESTMENT HIGHLIGHTS
LEASE & LOCATION
- 2022 Built to Suit Construction for Dollar General
- Five, 5 year options, all of which include a 10% rent increase
- 10 mile population of ±16,357 residents
- Average growth of 1.8% annually since 2010
- Limited competition – there is no other discount retailer in Sumrall
TENANT
- Dollar General boasts an investment grade credit rating of BBB (S&P)
- Dollar General has ±19,600 locations and plans to continue their expansion for the foreseeable future
- Dollar General has been considered an essential retailer and has proven to
be one of the most profitable companies through the COVID-19 pandemic - Dollar General has a market cap of ±$30 billion
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