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Family Dollar Investment Opportunity
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60 Mike Parra Rd - Family Dollar, Columbus, MS 39705

Leased Family Dollar with re-tenanting potential near Air Force Base.

Property Size10,500 SF
Days on Market182

Property Features for 60 Mike Parra Rd - Family Dollar

General Information

Standard status Active
Size 10,500 SF
Property subtype Retail

Building Details

Stories 1

Properties For Sale

at 60 Mike Parra Rd - Family Dollar Contact us

Available Space

Suite
60 Mike Parra
Size
10,500 SF
Availability
Sale
Contact us
Listing Agency: Transwestern | Fort Worth
Listed By: Gavin Behr · License #692962
Source: Transwestern
Added: Mar 7 Changed: Aug 25 Last Checked: Sep 5 at 3:36AM

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 Transwestern | Fort Worth

Investment Insights

Based on property information with market context.

Constructed in 2021, this 10,500 square foot property is currently leased to Family Dollar, although the store went dark in 2024. The existing Family Dollar lease continues through June 30, 2031, providing an opportunity for a new owner to re-tenant the property while benefiting from the remaining base rental income, as well as real estate tax and insurance reimbursements. There is a potential opportunity to negotiate a lease buy-out with Family Dollar, although this is subject to change. The property's flexible configuration provides numerous options for a new tenant. The property has visibility from U.S. Highway 45 and is in close proximity to Columbus Air Force Base, which has a population of nearly 2,700.

Key Highlights

  • Existing Family Dollar lease provides rental income and expense reimbursements through 6/30/2031.
  • Opportunity to re‑tenant the property while receiving rental income.
  • Potential to negotiate a lease buy‑out with Family Dollar.

Property Analytics

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center Furniture & Home Goods Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

34
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
7,299 visits/mo 0.3 miles

Demographics for 39705, MS

13,773
Population
6,317
Households
2.2
Avg Household Size
36
Median Age
42%
College-Educated
92%
High-School Grad
66.0 sq mi
ZIP Area
209
Density / Sq Mi
$69,292
Median Household Income
$47,908
Median Earnings
$1,046
Median Rent
$225,900
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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Leased Family Dollar with re-tenanting potential near Air Force Base.
Where is this grocery and convenience store located?
The property is located at 60 Mike Parra Rd - Family Dollar Columbus, MS.
What are key features of this property?
This property features: Existing Family Dollar lease provides rental income and expense reimbursements through 6/30/2031.; Opportunity to re‑tenant the property while receiving rental income.; Potential to negotiate a lease buy‑out with Family Dollar.
More about this property
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