DOLLAR GENERAL | MERIDIAN, MISSISSIPPI
INVESTMENT SUMMARY
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
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)