4284 Sharon Road Laurel, MS 39443

Listing agency Fortis Net Lease

Listed by Patrick Hammond · License #MI 6501373051

Source Crexi

Added: Apr 12 Updated: Jul 20 at 10:41PM Checked: Jul 21 at 5:32AM

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Investment Insights

Based on property information with market context.

Fortis Net Lease presents a Dollar General retail property built in 2015 with a lease commenced in May 2015. The offering is a 9,026 SF store with an absolute 15-year NNN lease, leaving zero landlord responsibilities. The lease is corporately guaranteed by Dollar General Corporation, which is classified as Investment Grade with a “BBB” credit rating. There are five (5) renewal options, each for five (5) years, with a 10% rental rate increase at each option.

The property is positioned just north of town on Sharon Road in Laurel, Mississippi, serving the surrounding five-mile trade area with a population of 12,220 and average household income of $64,179 per year.

Key Highlights

• Brand new 9,026 SF Dollar General store in Laurel, MS, built in 2015
• 15‑year absolute NNN lease with zero landlord responsibilities
• Lease commenced May 2015 and includes five (5) renewal options with 10% rental increases

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FAQs

What type of property is this?

NNN property - Dollar General store on a 15-year absolute NNN lease with no landlord responsibilities.

Where is this nnn property located?

The property is located at 4284 Sharon Road Laurel, MS.

What are key features of this property?

This property features: Brand new 9,026 SF Dollar General store in Laurel, MS, built in 2015; 15‑year absolute NNN lease with zero landlord responsibilities; Lease commenced May 2015 and includes five (5) renewal options with 10% rental increases