Dollar General NNN Property For Sale — Picayune, MS
6352 U.S. 11, Picayune, MS 39466
This Dollar General property, built in 2018, offers an exceptional investment opportunity with a long-term absolute NNN lease. The tenant, Dollar General, holds an investment-grade "BBB" corporate credit rating from S&P. The lease features 10% rent increases at each of the four five-year option renewals. Strategically located on US-11, adjacent to a USPS Post Office and near Highland Community Hospital, this store is the sole market/dollar store within a four-mile radius, with the nearest competitor being four miles north. The property boasts a 10,566 SF building on 1.44 acres.
- Address: 6352 U.S. 11, Picayune, MS 39466
- Asking price $1.68M
- 7.00% cap rate
- NOI $117,410
- 9 years remaining
- NNN lease
- Year built: 2018
- Building size: 10,566 SF
- Lot size: 1.44 acres
- Rent increases: 10% Rent Increase at Each Option Renewal w/ (4) 5 Year Options to Renew
- Guarantor: Corporate
Location
This Dollar General property is at 6352 U.S. 11 in Picayune, Mississippi.
Asset type: Retail