4018 Ms-19 Meridian, MS 39301
This exceptional investment opportunity presents a brand-new, 10,566 square foot retail property in Meridian, Mississippi, built in 2025. The property is situated on a 2-acre lot at 4018 MS-19, zip code 39301, and is currently 100% occupied by a triple-net (NNN) leased portfolio of Dollar General, Dollar Tree, and Family Dollar. The absolute NNN lease commenced January 15, 2025, and extends for a substantial 15-year term, expiring January 31, 2040, with five, 5-year renewal options. Rent increases by 5% every 5 years, providing consistent income growth. The property boasts a strong net operating income (NOI) of $138,576, resulting in an attractive 7.10% capitalization rate. The tenant, Dollar General, is a credit-rated, investment-grade corporation with a significant presence and expansion plans. The property benefits from a strong average household income of $75,918 in the surrounding area. This is a low-maintenance, high-return investment with significant long-term potential. The property's strategic location and the tenant's financial strength make this an ideal addition to any diversified portfolio. This is a rare opportunity to acquire a newly constructed, high-quality retail property with a long-term lease and built-in rent escalations.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.