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    6352 Highway 11 N Picayune, MS 39466

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    For Sale
    $1,677,285

    NNN Dollar General with corporate guarantee and rent escalations.

    Property size:
    10,566 SF
    Lot size:
    1.40 Acres

    Property Features for 6352 Highway 11 N

    General Information

    Size
    10,566 SF
    Lot size
    1.40 Acres

    Source: Encore Real Estate Investment Services Agent Gino Kassab

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

    Overview

    Dollar General NNN Investment Opportunity

    This property, built to suit for Dollar General in 2018, features a 10,566 square foot building on 1.44 acres. The absolute NNN lease has approximately 9 years remaining on the original 15-year term, offering no landlord obligations. The lease includes a corporate guarantee from Dollar General, with an S&P credit rating of "BBB". The lease provides for 10% rent increases at each option renewal, with four 5-year options to renew. The property is strategically located on US-11 next to the USPS Post Office and blocks away from Highland Community Hospital. The nearest Dollar General is 4 miles north, making this Dollar General the only market/dollar store in a 4-mile span.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.665206
    Latitude
    30.558954

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    FAQs

    What type of property is this?
    Grocery and convenience store - NNN Dollar General with corporate guarantee and rent escalations.
    Where is this grocery and convenience store located?
    The property is located at 6352 Highway 11 N Picayune, MS.
    What is the asking price?
    The asking price for this property is $1,677,285.
    What are key features of this property?
    This property features: - Investment Grade Credit: S&P Rated "BBB" Corporate Guarantee Lease by Dollar General.; - Absolute NNN Lease: No Landlord Obligations.; - Strategic Location: Located on US-11 next to the USPS Post Office and near Highland Community Hospital.
    (248) 702-0943
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    6352 Highway 11 N Picayune, MS 39466
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    Picayune, MS 39466
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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
    6352 Highway 11 N Picayune, MS 39466
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