1820 24th Ave Meridian, MS 39301-3115

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.