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    7490 Highway 489 Conehatta, MS 39057

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    For Sale
    $1,474,714

    New Dollar General with long-term NNN lease in Conehatta, MS.

    Property size:
    10,640 SF
    Lot size:
    16.43 Acres

    Property Features for 7490 Highway 489

    General Information

    Size
    10,640 SF
    Lot size
    16.43 Acres

    Source: Matthews Real Estate Investment Services | Dallas Agent Scotty Latimer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General NNN Investment Opportunity

    This property features a Dollar General built in 2024, following a complete rebuild after a fire. The property is under an absolute NNN lease with approximately 13.75 years remaining on a 15-year term, offering zero landlord responsibilities. The location benefits from a 10-mile population exceeding 13,294 residents. Dollar General, with approximately 19,600 locations, is considered an essential retailer and maintains an investment-grade credit rating of BBB (S&P). The property is located at 7490 Hwy 489, Conehatta, MS and has 10,640 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Conehatta
    County
    Newton
    State
    Mississippi
    Longitude
    -89.283951
    Latitude
    32.436461

    FAQs

    What type of property is this?
    Grocery and convenience store - New Dollar General with long-term NNN lease in Conehatta, MS.
    Where is this grocery and convenience store located?
    The property is located at 7490 Highway 489 Conehatta, MS.
    What is the asking price?
    The asking price for this property is $1,474,714.
    What are key features of this property?
    This property features: - Absolute NNN Lease with ±13.75 Years Remaining – Zero Landlord Responsibilities; - Attractive 7.05% Cap Rate; - Investment-Grade Credit Rating of BBB (S&P) for Dollar General
    (858) 866-6166
    Request Owner's contact information
    7490 Highway 489 Conehatta, MS 39057
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    Conehatta, MS 39057
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7490 Highway 489 Conehatta, MS 39057
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