Building Details

Tenancy Single

Listing Agency: Randall Commercial Group, LLC Show Phone

Listed By: Elizabeth Randall · License #MS 19734

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 3:34PM

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Investment Insights

Based on property information with market context.

This freestanding Dollar General retail property was under construction at the time of the listing, with completion projected for June 2017. The planned lease structure is absolute NNN with a 15-year term, providing a defined framework for the tenancy.

The property sits along Highway 72 West in the corridor connecting Walnut and Corinth, Mississippi. Dollar General is identified as the tenant, with a Standard & Poor’s BBB credit rating.

Key Highlights

• Dollar General freestanding retail property
• 15‑year absolute NNN lease structure
• Estimated delivery in Jun 2017

Property Analytics

Property Profile

Current Use

Dollar General Discount Store

Suggested Use

Top Pick Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Explore this area Business Placement

Demographics for 38683, MS

4,948

Population

1,919

Households

2.6

Avg Household Size

42

Median Age

12%

College-Educated

77%

High-School Grad

134.3 sq mi

ZIP Area

37

Density / Sq Mi

$36,992

Median Household Income

$38,694

Median Earnings

$563

Median Rent

$113,100

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Freestanding retail asset leased under a 15-year absolute NNN structure with delivery projected for June 2017.

Where is this nnn property located?

The property is located at 331 Highway 72 West Walnut, MS.

What are key features of this property?

This property features: Dollar General freestanding retail property; 15‑year absolute NNN lease structure; Estimated delivery in Jun 2017