Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    205 South St Merigold, MS 38759

    Sponsored
    For Sale
    $934,720

    High-traffic location, strong tenant.

    Property size:
    9,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a single-tenant, net-leased Dollar General store situated in Merigold, Mississippi. The property, built in 2010, boasts 9,014 square feet on a 1.2-acre lot and enjoys a 100% occupancy rate. The current lease, with Dollar General, a credit-rated tenant with a corporate guarantee, extends to August 31, 2033, offering a substantial remaining lease term of approximately 8.8 years. Four five-year lease options are included, each with a 10% rent increase. The property generates a strong net operating income (NOI) of $70,104, resulting in a compelling 7.50% capitalization rate. The asking price is $934,720, translating to $103.70 per square foot. Located at 205 South St, Merigold, MS 38759, this strategically positioned property benefits from high visibility and traffic volume. The property's classification includes convenience store, shopping center, and storefront subtypes. This is a rare opportunity to acquire a stable, high-performing retail investment with a nationally recognized tenant and significant future growth potential. The property's single-story building is well-maintained and situated in a high-traffic area.

    Property Features for 205 South St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    9,014 SF
    Lot Size
    52,272 SF

    Building Details

    Year Built
    2010
    Buildings
    1
    Stories
    1

    HighLights

    • NN+ Single‑Tenant Net Lease Investment Opportunity.
    • Approximately 9 years remaining on the lease term with four 5‑year renewal options.
    • Tenant recently exercised a lease extension in 2023.
    • Rent increases of 10% per option period.
    • Corporate guarantee provided by Dollar General Corporation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Department Store Food Market Grocery Store Bar & Pub Discount Store Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merigold
    County
    Bolivar
    State
    Mississippi
    Longitude
    -90.73345
    Latitude
    33.8356877

    Nearby Comparable

    • $40,000
      1.70 Acres

      Prime Bolivar County Commercial Land

      1.7-Acre Commercial Lot in Cleveland, MS
      0 Cannon Rd, Merigold, MS 38732
      View Details
    • $575,000
      6,000 SF

      Cleveland Warehouse with Highway Frontage

      6,000 SF warehouse on 1.8 acres with showroom.
      3612 Highway 61, Cleveland, MS 38732
      View Details
    • $575,000
      6,000 SF

      Prime Cleveland Storefront Opportunity

      6,000 SF Retail Space - Reduced Price!
      3612 Highway 61, Cleveland, MS 38732
      View Details
    • $575,000
      6,000 SF

      Highway 61 Commercial Building

      Spacious MS Commercial Building - Move-In Ready
      3612 Highway 61, Cleveland, MS 38732
      View Details
    • $65,000
      0.50 Acres

      Prime Cleveland, MS Lot

      0.5-acre residential lot, gated community.
      2nd Addition Hunter Cv, Cleveland, MS 38732
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-traffic location, strong tenant.
    Where is this lifestyle center located?
    The property is located at 205 South St Merigold, MS.
    What is the asking price?
    The asking price for this property is $934,720.
    What are key features of this property?
    This property features: NN+ Single-Tenant Net Lease Investment Opportunity.; Approximately 9 years remaining on the lease term with four 5-year renewal options.; Tenant recently exercised a lease extension in 2023.
    Request Owner's contact information
    205 South St Merigold, MS 38759
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    205 South St
    Merigold, MS 38759
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    205 South St Merigold, MS 38759
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.