848 S 16Th Ave, Laurel, MS 39440
- Retail properties & Spaces
- 9,167 SF
- 1.23 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 848 S 16Th Ave
- Year built
- 2011
- Construction
- STEEL FRAME
- Lot size
- 1.23 lot acres
- Property type
- Retail properties & Spaces
- APN
- 119K-12-05-002.41
- APU
- 119K120500241
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 3, 2021 | — | Ebi INC | D G Property Holdings LLC | Special Warranty Deed | — |
| Oct 13, 2011 | — | Dg Laurel, LLC | Mitchell M Asmar JR | Warranty Deed | — |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Laurel
- County
- Jones
- State
- Mississippi
- Longitude
- -89.1474
- Latitude
- 31.6783
- CBSA code
- 29860
- CBSA name
- LAUREL, MS MICROPOLITAN STATISTICAL AREA
