2173 Ms-590 Ellisville, MS 39437

Property Details for 2173 Ms-590

Year built

2021

Lot size

1.55 lot acres

Property size

9,226 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fee-simple ownership of a 9,226 square-foot Dollar General store in Ellisville, Mississippi. The property boasts a 15-year absolute NNN lease, commencing February 28, 2021, and expiring February 29, 2036, leaving zero landlord responsibilities. The lease includes four five-year renewal options, each with a 10% rent increase. The tenant, Dollar General, holds a BBB investment-grade credit rating, providing significant financial security. Located at 2173 MS-590, this highly visible store benefits from its strategic position at a busy intersection with 1,516 vehicles passing daily. The strong demographics further enhance the investment's appeal, with a 10-mile radius encompassing a population of 16,516 and an average household income of $61,052. The property sits on a 1.55-acre lot and was built in 2021. The asking price is $1,224,925, representing a cap rate of 7.35% and a price per square foot of $132.77. The current Net Operating Income (NOI) is $90,032. This single-tenant, single-story building offers a compelling opportunity for 1031 exchange buyers or passive investors seeking a secure, high-return investment in a nationally recognized brand. The property's current occupancy is 100%. This is a rare opportunity to acquire a well-performing, low-maintenance retail asset with a long-term lease and significant upside potential.

Location Insight

City

Ellisville

County

Jones

State

Mississippi

Longitude

-89.3677

Latitude

31.5644