9247 Ms-17 Carrollton, MS 38917
- Retail properties
- 8,000 SF
- 1.10 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9247 Ms-17
- Lot size
- 1.10 lot acres
- Property size
- 8,000 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a freestanding Dollar General convenience store located at 9247 MS-17, Carrollton, MS 38917. The property boasts 8,000 square feet situated on a 1.1-acre lot. Currently operating under a Net Lease (NN) agreement, this single-tenant property offers significant long-term stability with a corporate guarantee from Dollar General. The lease commenced on February 1, 2003, and was recently extended, with the current lease expiration date set for January 31, 2031, providing a remaining lease term of approximately 6.2 years. The lease includes three or five-year renewal options, further securing the investment's future cash flow. The property enjoys 100% occupancy and generates a substantial Net Operating Income (NOI) of $41,344, resulting in an attractive 9.00% capitalization rate. The asking price is $459,375, translating to a price per square foot of $57.42. This investment is particularly compelling due to the lack of national competition within an 11-mile radius, ensuring strong market dominance for the tenant. The property's location in Carrollton, Mississippi, within Carroll County, offers excellent visibility and accessibility. This is a rare opportunity to acquire a stable, high-performing retail investment with a strong tenant and significant remaining lease term. All information is deemed reliable but not guaranteed.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carrollton
- County
- Carroll
- State
- Mississippi
- Longitude
- -89.9224
- Latitude
- 33.4958
