700 Ms-7 Greenwood, MS 38930
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High-Yield Retail Investment, Mississippi
Property size:
8,320 SFProperty Features for 700 Ms-7
General Information
- Property type
- Grocery and convenience stores
- Square Feet
- 8,320 SF
- Lot Size
- 40,075 SF
Building Details
- Year Built
- 2016
- Buildings
- 1
- Stories
- 1
Listing Agency: Exclusive Realty Listing Agent: Steve Sagmani
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a single-tenant, 8,320-square-foot Family Dollar convenience store located at 700 MS-7, Greenwood, Mississippi, 38930. The property sits on a 0.92-acre lot and boasts a strong 100% occupancy rate under a triple-net (NNN) lease, minimizing landlord responsibilities. Built in 2016, the one-story building is zoned CM and features a 15-year lease commencing October 1, 2015, and expiring September 30, 2030, with a remaining term of approximately 5.9 years. The lease includes six five-year renewal options, with rent bumps of 10% in years 11-15 and in each option period. The asking price is $1,711,000, translating to a price per square foot of $205.65 and a compelling 6.67% capitalization rate based on a net operating income (NOI) of $114,120. The tenant, Family Dollar, is backed by a corporate guarantee, providing significant financial security. This investment benefits from the relocation of a high-volume existing store nearby, indicating strong market demand and potential for continued success. The property offers a secure, passive income stream with built-in growth potential through the lease's built-in rent increases. This is a rare opportunity to acquire a well-performing retail asset in a stable market.
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Map
- City
- Greenwood
- County
- Leflore
- State
- Mississippi
- Longitude
- -90.1513274
- Latitude
- 33.5178509
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FAQs
What type of property is this?
Grocery and convenience store - High-Yield Retail Investment, Mississippi
Where is this grocery and convenience store located?
The property is located at 700 Ms-7 Greenwood, MS.
What is the asking price?
The asking price for this property is $1,711,000.
What are key features of this property?
This property features: 8,320 SF Family Dollar; 0.92-acre lot, Greenwood, MS.; Triple-net (NNN) lease with 100% occupancy.; 15-year lease (expires 9/30/2030), six 5-year options with 10% rent increases.
