Dollar General NNN Investment
For Sale
Contact for pricing
1258 Road 931, Tupelo, MS
2017 build-to-suit Dollar General with zero landlord responsibilities.
Property Size9,026 SF
Lot Size0.89 Acres
Price / SF$127.91
Days on Market435
Property Features for 1258 Road 931
General Information
Standard status
Active
Size
9,026 SF
Lot size
0.89 Acres
Property subtype
RETAIL
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
(866) 889-0550
Listed By:
Wyatt Wagner
(310) 750-7845
Source:
Moodyscre
Added: Aug 21, 2025
Changed: Oct 25
Last Checked: Oct 28 at 11:38AM
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 Matthews Real Estate Investment Services | Phoenix
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a 2017 build-to-suit construction for Dollar General. The lease is an absolute NNN lease, meaning zero landlord responsibilities. The lease is corporately guaranteed by Dollar General Corporation. The surrounding area includes national tenants such as Chevron, The Home Depot, Lowes, Kroger, and Walmart Supercenter. The 5-mile population exceeds 18,673 residents, with an average household income of $71,188.
Key Highlights
- Absolute NNN lease – Zero landlord responsibilities
- Corporately guaranteed lease from Dollar General Corporation
- 2017 build‑to‑suit construction for Dollar General
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,622
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,872,440
$1.9M
Cap Rate 7%
$1,337,457
$1.3M
Cap Rate 9%
$1,040,244
$1.0M
Market Conditions
NOI Build-Up for 9,026 SF
Gross rent
$135.4K $15.00/SF
− Vacancy
−$10.6K −$1.17/SF
EGI
$124.8K $13.83/SF
− OpEx
−$31.2K −$3.46/SF
NOI
$93.6K $10.37/SF
Area
Lee County, MS
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,872,440
Cap Rate 7%
$1,337,457
Cap Rate 9%
$1,040,244
Alternative Uses
Best Use
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,622 @ 7.0% cap · market cap 8.11%
Second Best
Retail
$1.07M
$936.6K – $1.25M
NOI $74,924 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,658 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 2017 build-to-suit Dollar General with zero landlord responsibilities.
Where is this grocery and convenience store located?
The property is located at 1258 Road 931 Tupelo, MS.
What is the asking price?
The asking price for this property is $1,154,538.
What are key features of this property?
This property features: Absolute NNN lease – Zero landlord responsibilities; Corporately guaranteed lease from Dollar General Corporation; 2017 build‑to‑suit construction for Dollar General
