39603 Ms-63 Richton, MS 39476
- Lifestyle centers
- 9,244 SF
- 2.12 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 39603 Ms-63
- Year built
- 2019
- Lot size
- 2.12 lot acres
- Property size
- 9,244 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,244 square foot Dollar General store in Richton, Mississippi. Located on MS-63, this single-story building boasts a prime location with high visibility and significant daily traffic (2,370 vehicles). The property sits on a 2.12-acre lot and was constructed in 2019. Secured by a 15-year absolute NNN lease (with 9.6 years remaining) and corporate guarantee from Dollar General (BBB credit rating), this investment offers minimal landlord responsibilities. The lease includes four five-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $84,498, representing a 7.50% cap rate and a price per square foot of $121.88. The asking price is $1,126,640. The property benefits from a strong demographic profile, with a 10-mile population of 3,375 and an average household income of $66,363. This offering is ideal for 1031 exchange buyers or passive investors seeking a secure, high-performing retail investment with a proven tenant and significant remaining lease term. The lease commenced June 26, 2019, and expires June 30, 2034. The property is 100% occupied.
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
- Richton
- County
- Greene
- State
- Mississippi
- Longitude
- -88.7634
- Latitude
- 31.3478
