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Dollar General NNN Investment Opportunity

6352 Highway 11 N, Picayune, MS

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NNN Dollar General with corporate guarantee and rent escalations.

Type:RETAIL

Property size:

10,566 SF

Lot size:

1.40 Acres

Price / SF:

$158/SF

HighLights

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.
Limited Competition: Nearest Dollar General is 4 Miles Away; Only Market/Dollar Store in the 4 Mile Span.
Rent Increases: 10% Rent Increase at Each Option Renewal.
Long‑Term Lease: 9 Years Remaining on Original 15 Year Lease with (4) 5‑Year Options to Renew.

We can help!

Listing Contact

Gino Kassab

For Sale

Contact for pricing

NNN Dollar General with corporate guarantee and rent escalations.

Type:RETAIL

Property size:

10,566 SF

Lot size:

1.40 Acres

Price / SF:

$158/SF

Added:: Dec 3, 2024
Days on Market:: 559
Last Refresh:: May 20 at 9:27 pm

Property Features for 6352 Highway 11 N

General Information

Standard status: Active
Size: 10,566 SF
Lot size: 1.40 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Gino Kassab

Listing agent Gino Kassab License #6501387591

Listing office Encore Real Estate Investment Services

Listing date Dec 3, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Encore Real Estate Investment Services

HighLights

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.
Limited Competition: Nearest Dollar General is 4 Miles Away; Only Market/Dollar Store in the 4 Mile Span.
Rent Increases: 10% Rent Increase at Each Option Renewal.
Long‑Term Lease: 9 Years Remaining on Original 15 Year Lease with (4) 5‑Year Options to Renew.

Overview

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 Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: Picayune
County: Pearl River
State: Mississippi
Longitude: -89.6652
Latitude: 30.559

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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.

6352 Highway 11 N, Picayune, MS

NNN Dollar General with corporate guarantee and rent escalations.

Property Features for 6352 Highway 11 N

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

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Versatile Commercial Space in Picayune

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Downtown Picayune Commercial Building

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Downtown Picayune Commercial Investment Opportunity

Picayune Warehouse on Two Acres

Established Auto Repair Business

Prime Commercial Building in Picayune

Picayune Church Property For Sale

Commercial Property with Dual Frontage

Picayune Commercial Property For Sale

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