2365 Ms-15 Woodland, MS 39776

This exceptional investment opportunity presents a fee-simple Dollar General store located at 2365 MS-15, Woodland, MS 39776. The 9,100 square foot property sits on a 1.38-acre lot and was built in 2017. It's currently under an absolute NNN lease with Dollar General Corporation, a credit-rated tenant with a corporate guarantee, offering zero landlord responsibilities. The lease expires April 30, 2032, with five five-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $74,395, resulting in a 7.80% cap rate at the asking price of $953,792. The property benefits from its location near Tupelo, MS, with its diverse economy and major employers like Cooper Tire & Rubber Company and Toyota Motor Manufacturing. There is no competition within over nine miles. This is a passive income investment with significant long-term potential, ideal for 1031 exchange purposes. The property offers a strong tenant, long lease term, and built-in rent growth.