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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

700 Ms-7 Greenwood, MS 38930

8,320 SF 0.92 ac lot Built 2016
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a single-tenant, 8,320-square-foot Family Dollar convenience store located at 700 MS-7, Greenwood, Mississippi, 38930. The property sits on a 0.92-acre lot and boasts a strong 100% occupancy rate under a triple-net (NNN) lease, minimizing landlord responsibilities. Built in 2016, the one-story building is zoned CM and features a 15-year lease commencing October 1, 2015, and expiring September 30, 2030, with a remaining term of approximately 5.9 years. The lease includes six five-year renewal options, with rent bumps of 10% in years 11-15 and in each option period. The asking price is $1,711,000, translating to a price per square foot of $205.65 and a compelling 6.67% capitalization rate based on a net operating income (NOI) of $114,120. The tenant, Family Dollar, is backed by a corporate guarantee, providing significant financial security. This investment benefits from the relocation of a high-volume existing store nearby, indicating strong market demand and potential for continued success. The property offers a secure, passive income stream with built-in growth potential through the lease's built-in rent increases. This is a rare opportunity to acquire a well-performing retail asset in a stable market.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2016
Total area 8,320 SF
Lot 0.92 ac (40,075 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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