6352 Highway 11 N Picayune, MS 39466
NNN Dollar General with corporate guarantee and rent escalations.
Property size:
10,566 SFLot size:
1.40 AcresProperty Features for 6352 Highway 11 N
General Information
- Size
- 10,566 SF
- Lot size
- 1.40 Acres
Source:
Moodyscre
Listing 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
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.