Current Use by Public Records
- Retail properties & Spaces
Property Details for 204 Main St
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 10,500 square foot Dollar Tree storefront in Nettleton, Mississippi, situated at 204 Main St, 38858. The property boasts a new construction, 10-year net lease with a corporate guarantee, commencing April 30, 2024, and expiring April 30, 2034. The lease includes four, five-year renewal options with scheduled rent increases, ensuring consistent income growth. The property offers a strong 7.45% cap rate and a substantial net operating income (NOI) of $138,915, with an asking price of $1,864,631 ($177.58/sq ft). The strategic location along Main Street provides high visibility, benefiting from over 6,000 vehicles per day and convenient access to Highway 278, leading directly to Tupelo. Its proximity to the Nettleton School District (three schools, 1,162 students) and neighboring businesses further enhances its appeal. This is a low-maintenance, high-return investment with minimal landlord responsibilities, making it an ideal addition to any portfolio. The lease's strong terms and the tenant's financial stability provide a secure and profitable investment opportunity.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nettleton
- County
- Lee
- State
- Mississippi
- Longitude
- -88.625
- Latitude
- 34.0893
