Dollar General Freestanding
New
For Sale
Contact for pricing
12620 Highway 488, Carthage, MS 39051
Corporate-guaranteed absolute NNN tenancy places operating expenses with the tenant, including roof and structural responsibilities.
Property Size10,640 SF
Price / SF$153.28
Days on Market6
Property Features for 12620 Highway 488
General Information
Standard status
Active
Size
10,640 SF
Class
C
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$109,270
Additional Details
Cap Rate
6.7%
Building Details
Year Built
2022
Buildings
1
Tenancy
Single
Listing Agency:
Russell Commercial Advisory
Listed By:
Lydia Melik · License #2005004267
(330) 714-5092
Source:
Crexi
Added: Aug 28
Changed: Sep 1
Last Checked: Sep 1 at 8:33PM
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 Russell Commercial Advisory
Investment Insights
Based on property information with market context.
This freestanding Dollar General store was built in 2022 and contains 10,640 square feet. The property is leased on an absolute NNN basis, with the tenant responsible for operating costs as well as roof and structural obligations. The lease is corporately guaranteed by Dollar General Corporation.
Positioned along Highway 488, the store is located in Carthage, the seat of Leake County. The lease provides approximately 11.4 years of firm term, followed by five 5-year renewal options with 10% increases. The combination of a recent building, defined lease structure, and corporate guaranty provides a straightforward single-tenant retail format.
Positioned along Highway 488, the store is located in Carthage, the seat of Leake County. The lease provides approximately 11.4 years of firm term, followed by five 5-year renewal options with 10% increases. The combination of a recent building, defined lease structure, and corporate guaranty provides a straightforward single-tenant retail format.
Key Highlights
- Freestanding 2022‑built Dollar General store
- 10,640 square feet of retail space
- Absolute NNN lease assigns expenses, roof, and structure to the tenant
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
3,528 visits/mo
0.1 miles
Demographics for 39051, MS
15,677
Population
6,637
Households
2.4
Avg Household Size
39
Median Age
17%
College-Educated
82%
High-School Grad
430.7 sq mi
ZIP Area
36
Density / Sq Mi
$45,777
Median Household Income
$31,635
Median Earnings
$691
Median Rent
$113,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corporate-guaranteed absolute NNN tenancy places operating expenses with the tenant, including roof and structural responsibilities.
Where is this grocery and convenience store located?
The property is located at 12620 Highway 488 Carthage, MS.
What is the asking price?
The asking price for this property is $1,630,900.
What are key features of this property?
This property features: Freestanding 2022‑built Dollar General store; 10,640 square feet of retail space; Absolute NNN lease assigns expenses, roof, and structure to the tenant
