Current Use by Public Records
- Retail properties & Spaces
Property Details for 63420 Ms-25
- Year built
- 2022
- Lot size
- 1.51 lot acres
- Property type
- Retail properties & Spaces
- 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.
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
- Smithville
- County
- Monroe
- State
- Mississippi
- Longitude
- -88.4016
- Latitude
- 34.0677
