Highway 19 Meridian, MS 39307
- Retail properties
- 10,000 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Highway 19
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 10,000-square-foot Dollar Tree retail property located at Hwy 19 N, Meridian, MS 39307. The property boasts a new 10-year net lease with a corporate guarantee, ensuring consistent income. The lease includes six, 5-year renewal options, with rent increases scheduled every five years, providing built-in growth potential. The asking price is $2,057,601, representing a compelling $205.76 per square foot and a 6.25% cap rate based on a current Net Operating Income (NOI) of $128,600. The property features excellent visibility and convenient access from Highway 19. This is a single-tenant, 100% occupied, net lease investment with minimal landlord responsibilities, making it an ideal addition to any portfolio. The building is a new construction, offering modern amenities and long-term stability. The strategic location on a major highway ensures high traffic and strong customer visibility. This is a turnkey investment opportunity with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Meridian
- County
- Lauderdale
- State
- Mississippi
- Longitude
- -88.7299
- Latitude
- 32.3656
