Okolona Dollar General Investment
413 E Monroe Ave, Okolona, MS 38860
Free-standing Dollar General with 10.5 years remaining on lease.
Type:Retail
Property size:
10,640 SFPrice / SF:
$135/SF- Added:
- Mar 24, 2026
- Days on Market:
- 51
- Last Refresh:
- Mar 25 at 8:52 pm
Property Features for 413 E Monroe Ave
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2021
Listing agent Elizabeth Randall License #MS 19734
Listing office Randall Commercial Group, LLC
Listing date Mar 24, 2026
Source Crexi
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 Randall Commercial Group, LLC
HighLights
- NNN Lease with approximately 10.5 years remaining, providing stable, passive income.
- Investment‑grade Dollar General tenant with a 'BBB' credit rating, indicating financial strength.
- Strategic location on E. Monroe Ave (MS‑41), a primary thoroughfare, ensuring high visibility and accessibility.
- Benefits from regional investment, including a major solar project and electric grid upgrades, enhancing the area's economic stability.
- Located near MS‑45 Alternate, capturing commuter traffic from Tupelo and West Point.
- Proximity to Tupelo and major employers like Toyota and North Mississippi Medical Center, serving as a key bedroom community.
Overview
This free-standing Dollar General investment property is located in Okolona, MS. The property has a 15-year, NNN lease with approximately 10.5 years remaining. The property is situated on E. Monroe Ave (MS-41), the primary east-west thoroughfare connecting the residential area of Okolona to industrial and highway arteries. It is located just west of the intersection with MS-45 Alternate, ensuring the store captures traffic from commuters returning from Tupelo or West Point. Okolona is situated along the Highway 45 Alternate corridor and is positioned to capture local and regional traffic. Located 20 miles south of Tupelo, Okolona serves as a key bedroom community for workers employed at nearby industrial companies like Toyota and the North Mississippi Medical Center. Several universities are in close proximity, including Blue Mountain College, Mississippi State University, Mississippi University for Women, University of Mississippi and community colleges of East Mississippi and Itawamba. Okolona is 121 miles from Memphis International airport and 18 miles from Tennessee-Tombigbee Port in Amory. The property is 10,640 square feet. Okolona is benefiting from regional investment that bolsters the long-term viability of its economic base. Chickasaw County is home to a 145-megawatt solar project, a multi-million-dollar investment that provides a stable tax revenue stream for the county. A recent $1 million Dual Substation Project has upgraded the local electric grid, ensuring utility reliability for the area’s businesses. The Mississippi Legislature recently approved $1.5 million in direct appropriations (FY2026) for the Okolona School District. Dollar General has a Standard & Poor's "BBB" credit rating.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Okolona
- County
- Chickasaw
- State
- Mississippi
- Longitude
- -88.738277
- Latitude
- 34.001606
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Free-standing Dollar General with 10.5 years remaining on lease.
Where is this grocery and convenience store located?
The property is located at 413 E Monroe Ave Okolona, MS.
What is the asking price?
The asking price for this property is $1,444,771.
What are key features of this property?
This property features: NNN Lease with approximately 10.5 years remaining, providing stable, passive income.; Investment‑grade Dollar General tenant with a 'BBB' credit rating, indicating financial strength.; Strategic location on E. Monroe Ave (MS‑41), a primary thoroughfare, ensuring high visibility and accessibility.
