1820 24th Ave Meridian, MS 39301-3115
Property profile & analytics
1820 24th Ave Meridian, MS 39301-3115
- Retail space
- 9,372 SF
- 0.95 lot acres
Property ID
US50-0628689
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
Property Details for 1820 24th Ave
- Year built
- 2014
- Construction
- STEEL FRAME
- Lot size
- 0.95 lot acres
- Property size
- 9,372 SF
- Property type
- Retail space
- APN
- 83073349200400300
- APU
- 83073349200400300
Description
This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General store located at 1820 24th Ave, Meridian, MS 39301. The property boasts 9,372 square feet on a 0.93-acre lot and was built in 2014. Currently operating under an absolute NNN lease with a corporate guarantee from Dollar General, this property offers a passive income stream with minimal landlord responsibilities. The lease commenced October 1, 2014, and has a remaining term of approximately 4.9 years, with five, five-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $98,886, resulting in a 7.25% cap rate and a price per square foot of $145.53. The asking price for this well-located retail property is $1,363,950. Situated in a densely populated area with approximately 37,000 people within a five-mile radius, this Dollar General enjoys excellent visibility and accessibility along a major thoroughfare. The property's strong tenant, long-term lease, and attractive financial metrics make it an ideal addition to any diversified investment portfolio. This is a rare opportunity to acquire a well-performing, low-maintenance retail asset with significant upside potential. The property's size also makes it an attractive option for smaller 1031 exchanges.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Meridian
- County
- Lauderdale
- State
- Mississippi
- Longitude
- -88.7022
- Latitude
- 32.3758
- CBSA code
- 32940
- CBSA name
- MERIDIAN, MS MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,556
$0.00
$0.00
$87,530
-
$101,640
$481,890
$583,530
