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    700 Ms-7 Greenwood, MS 38930

    For Sale
    $1,711,000

    High-Yield Retail Investment, Mississippi

    Property size:
    8,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 Features for 700 Ms-7

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,320 SF
    Lot Size
    40,075 SF

    Building Details

    Year Built
    2016
    Buildings
    1
    Stories
    1

    HighLights

    • 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.
    • Asking price: $1,711,000 ($205.65/SF), 6.67% cap rate.
    • Corporate guaranteed lease; strong market demand due to nearby store relocation.
    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?
    Individual retail property - High-Yield Retail Investment, Mississippi
    Where is this individual retail property 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.
    Request Owner's contact information
    700 Ms-7 Greenwood, MS 38930
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    Greenwood, MS 38930
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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
    700 Ms-7 Greenwood, MS 38930
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