Current Use by Public Records
- Retail properties & Spaces
Property Details for 4018 Ms-19
- Year built
- 2024
- Lot size
- 2.00 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 10,566 square foot retail property in Meridian, Mississippi, built in 2024. The property is occupied by a triple-net (NNN) leased Dollar General, Dollar Tree, and Family Dollar, offering a 15-year lease commencing January 15, 2025, and expiring January 31, 2040. The lease includes five, five-year options with attractive 5% rent bumps every five years. The property boasts a 7.10% cap rate and a strong net operating income (NOI) of $138,576. Situated on a 2-acre lot at 4018 MS-19, Meridian, MS 39301, this property benefits from a 100% occupancy rate and a credit-rated tenant with a corporate guarantee, minimizing landlord responsibilities. The tenant's strong financial performance and the long-term lease structure make this a compelling investment opportunity with significant potential for future returns. The property is a new prototype design and represents a secure, passive income stream for investors seeking a stable, high-performing asset in a growing market. The average household income in the area is $75,918, further supporting the property's strong tenant performance and long-term viability. This is a rare opportunity to acquire a high-quality, triple-net leased retail property with a well-established tenant and a secure long-term lease.
Value Estimations
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AI approach
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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
- -88.5012
- Latitude
- 32.2914
