848 S 16Th Ave Laurel, MS 39440

This exceptional investment opportunity features a 9,026-square-foot Dollar General store situated on a 1.1-acre lot in Laurel, Mississippi, at 848 S 16th Ave, zip code 39440. The property boasts a highly desirable Net Lease (NNN) structure, eliminating landlord responsibilities. The current lease, with a corporate guarantee from Dollar General, commenced January 1, 2012, and expires January 1, 2027, leaving approximately 2.1 years remaining. Five (5) year lease options are included, each with a 10% rent increase. The property's strong financial performance is reflected in a Net Operating Income (NOI) of $91,737 and a compelling 7.45% capitalization rate. The asking price is $1,231,382, translating to $136.43 per square foot. Built in 2011, this single-building retail property is zoned commercial and benefits from a significant population base—over 29,000 residents reside within a 5-mile radius. This established Dollar General location demonstrates a long-term commitment to the site, making it an attractive and low-risk investment opportunity. The property is located in Jones County.