4018 Ms-19 Meridian, MS 39301
- Retail properties
- 10,566 SF
- 2.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4018 Ms-19
- Year built
- 2025
- Lot size
- 2.00 lot acres
- Property size
- 10,566 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Meridian
- County
- Lauderdale
- State
- Mississippi
- Longitude
- -88.5011
- Latitude
- 32.2915
