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    848 16Th Ave Laurel, MS 39440

    For Sale
    $1,231,382

    Mississippi Retail Property, Strong NOI

    Property size:
    9,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity features a 9,026-square-foot Dollar General store situated on a 1.1-acre lot in Laurel, Mississippi, at 848 S 16th Ave, zip code 39440. The property boasts a highly desirable Net Lease (NNN) structure, eliminating landlord responsibilities. The current lease, with a corporate guarantee from Dollar General, commenced January 1, 2012, and expires January 1, 2027, leaving approximately 2.1 years remaining. Five (5) year lease options are included, each with a 10% rent increase. The property's strong financial performance is reflected in a Net Operating Income (NOI) of $91,737 and a compelling 7.45% capitalization rate. The asking price is $1,231,382, translating to $136.43 per square foot. Built in 2011, this single-building retail property is zoned commercial and benefits from a significant population base—over 29,000 residents reside within a 5-mile radius. This established Dollar General location demonstrates a long-term commitment to the site, making it an attractive and low-risk investment opportunity. The property is located in Jones County.

    Property Features for 848 16Th Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,026 SF
    Lot Size
    47,916 SF

    Building Details

    Year Built
    2011
    Buildings
    1

    HighLights

    • NNN Lease; Zero Landlord Responsibilities
    • 9,026 SF building on a 1.1‑acre lot
    • Dollar General corporate‑guaranteed lease since 2012
    • Strong demographics: Over 29,000 residents within a 5‑mile radius
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Jones
    State
    Mississippi
    Longitude
    -89.147407
    Latitude
    31.6783609

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    FAQs

    What type of property is this?
    Individual retail property - Mississippi Retail Property, Strong NOI
    Where is this individual retail property located?
    The property is located at 848 16Th Ave Laurel, MS.
    What is the asking price?
    The asking price for this property is $1,231,382.
    What are key features of this property?
    This property features: NNN Lease; Zero Landlord Responsibilities; 9,026 SF building on a 1.1-acre lot; Dollar General corporate-guaranteed lease since 2012
    Request Owner's contact information
    848 16Th Ave Laurel, MS 39440
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    Laurel, MS 39440
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    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
    848 16Th Ave Laurel, MS 39440
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