DOLLAR GENERAL | MERIDIAN, MISSISSIPPI

Purchase Price
$1,371,741
Location
1000 Sandflat Road
Cap Rate
5.80%
Annual Rent
$79,561.00
Building Size
9,100 SF
Land Area
1.79 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
9.33 Years
LEASE EXPIRATION
12/31/2030
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2015
APN
086140000000003602
Traffic Counts
10,558 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 9.33 Years Remaining in the Initial 15 Year Lease Term
  • 2015 Build to Suit Construction - 9,100 SF
  • Five (5) - Five (5) Year Option Periods
  • 10% Rental Increases in Option Periods
 

A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
 

PROXIMITY FROM MERIDIAN, MISSISSIPPI:

  • Hattiesburg, Mississippi | 88 Miles
  • Jackson, Mississippi | 92 Miles
  • Mobile, Alabama | 134 Miles
  • Birmingham, Alabama | 147 Miles
  • Pensacola, Florida | 192 Miles
  • New Orleans, Louisiana | 198 Miles
  • Memphis, Tennessee | 232 Miles
  • Columbus, Georgia | 239 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 470 Residents
  • 1-Mile Average Household Income = $39,535
  • 3-Mile Population = 3,086 Residents
  • 3-Mile Average Household Income = $42,876
  • 5-Mile Population = 21,369 Residents
  • 5-Mile Average Household Income = $57,414
  • 7-Mile Population = 44,357 Residents
  • 7-Mile Average Household Income = $59,841
 

MERIDIAN, MISSISSIPPI:

  • 7th Largest City in Mississippi
  • County Seat of Lauderdale County
 

TENANT:

  • Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
  • 17,426 Stores in 46 States as of April 30, 2021
  • Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
  • Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)

contact us

  • Hidden