63420 Ms-25 Smithville, MS 38870

Property Details for 63420 Ms-25

Year built

2022

Lot size

1.51 lot acres

Property size

10,566 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a 10,566 square foot, single-tenant, net-leased retail property built in 2022 for Dollar General. Located at 63420 MS-25, Smithville, MS 38870, this property sits on a 1.51-acre lot and boasts a 100% occupancy rate with a strong, credit-rated corporate guarantee from Dollar General Corporation. The absolute NNN lease commenced July 29, 2022, and has a remaining term of approximately 12.8 years, extending to July 31, 2037, with five, five-year renewal options, each including a 10% rent increase. The property generates a substantial net operating income (NOI) of $108,309, resulting in an attractive 7.15% cap rate. The asking price is $1,514,820. This upgraded construction features high-quality materials (no metal sides), and the property benefits from being the only dollar store in Smithville, serving a population exceeding approximately 16,498 residents within a 10-mile radius. Dollar General's investment-grade credit rating (BBB, S&P) and its history of success, including its performance during the COVID-19 pandemic, further solidify this investment's strength and stability. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with a long-term lease and significant upside potential.

Location Insight

City

Smithville

County

Monroe

State

Mississippi

Longitude

-88.4016

Latitude

34.0677