17825 Main St, Louisville, MS 39339-2767

Property Details for 17825 Main St

Year built

2017

Construction

METAL FRAME

Lot size

2.10 lot acres

Property type

Commercial real estate

APN

151272603 0101801

APU

1512726030101801

Description

This exceptional investment opportunity presents a 9,026 square foot Dollar General store located at 17825 E Main St, Louisville, MS 39339. Boasting a strong 7.75% cap rate and a substantial NOI of $79,032, this property offers a secure and lucrative return. The property sits on a 2.1-acre lot and was built in 2016. The current lease, a Net Lease (NN) with a corporate guarantee from a credit-rated tenant, has 7.3 years remaining, with five 5-year options, each including a 10% rent increase. The store consistently ranks in the top 25% of Dollar General locations nationwide, demonstrating exceptional performance. Situated conveniently off Highway 14 and across from Winston Medical Center, this location benefits from a strong demographic profile, with an average household income exceeding $72,873 within a 5-mile radius. This is a single-tenant property with 100% occupancy, providing investors with a stable and predictable income stream. The lease commenced February 12, 2017, and expires February 29, 2032. This is a prime opportunity to acquire a well-performing, essential retail asset with a highly reputable tenant and significant long-term growth potential.

Location Insight

City

Louisville

County

Winston

State

Mississippi

Longitude

-89.0324

Latitude

33.1253

Property Tax & Assessments