7070 Line St Shuqualak, MS 39361

This exceptional investment opportunity presents a fee-simple ownership interest in a 9,090 square foot Dollar General store located at 7070 Line St, Shuqualak, MS 39361. The property boasts a 15.8-year absolute NNN lease with a remaining term of 9.7 years, commencing October 18, 2018, and expiring July 31, 2034. The lease includes four five-year renewal options, each with a 10% rent increase. The tenant, Dollar General Corporation, provides a corporate guarantee, ensuring consistent income. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $84,098, yielding a 7.50% cap rate at an asking price of $1,121,307 ($123.36 per square foot). Built in 2019, this single-story building sits on a 1.29-acre lot and enjoys 100% occupancy. The property's strategic location along MS-39, a road with 1,589 vehicles per day, serves a ten-mile population of 4,706 with an average household income of $46,600. This presents a compelling investment opportunity for those seeking a passive income stream with a strong, investment-grade tenant. The property is ideal for a 1031 exchange.