205 South St Merigold, MS 38759
- Lifestyle centers
- 9,014 SF
- 1.20 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Convenience Store
- Western Union / Money Transfer Service
Property Details for 205 South St
- Year built
- 2010
- Lot size
- 1.20 lot acres
- Property size
- 9,014 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a single-tenant, net-leased Dollar General store situated in Merigold, Mississippi. The property, built in 2010, boasts 9,014 square feet on a 1.2-acre lot and enjoys a 100% occupancy rate. The current lease, with Dollar General, a credit-rated tenant with a corporate guarantee, extends to August 31, 2033, offering a substantial remaining lease term of approximately 8.8 years. Four five-year lease options are included, each with a 10% rent increase. The property generates a strong net operating income (NOI) of $70,104, resulting in a compelling 7.50% capitalization rate. The asking price is $934,720, translating to $103.70 per square foot. Located at 205 South St, Merigold, MS 38759, this strategically positioned property benefits from high visibility and traffic volume. The property's classification includes convenience store, shopping center, and storefront subtypes. This is a rare opportunity to acquire a stable, high-performing retail investment with a nationally recognized tenant and significant future growth potential. The property's single-story building is well-maintained and situated in a high-traffic area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merigold
- County
- Bolivar
- State
- Mississippi
- Longitude
- -90.7335
- Latitude
- 33.8357
