For Sale
$1,951,775

4018 Ms-19 Meridian, MS 39301

Mississippi Dollar General Investment

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a brand-new, 10,566 square foot retail property in Meridian, Mississippi, built in 2025. The property is situated on a 2-acre lot at 4018 MS-19, zip code 39301, and is currently 100% occupied by a triple-net (NNN) leased portfolio of Dollar General, Dollar Tree, and Family Dollar. The absolute NNN lease commenced January 15, 2025, and extends for a substantial 15-year term, expiring January 31, 2040, with five, 5-year renewal options. Rent increases by 5% every 5 years, providing consistent income growth. The property boasts a strong net operating income (NOI) of $138,576, resulting in an attractive 7.10% capitalization rate. The tenant, Dollar General, is a credit-rated, investment-grade corporation with a significant presence and expansion plans. The property benefits from a strong average household income of $75,918 in the surrounding area. This is a low-maintenance, high-return investment with significant long-term potential. The property's strategic location and the tenant's financial strength make this an ideal addition to any diversified portfolio. This is a rare opportunity to acquire a newly constructed, high-quality retail property with a long-term lease and built-in rent escalations.

Highlights

  • Brand new 2025 Dollar General build-to-suit, Meridian, MS.
  • 15-year absolute NNN lease; no landlord responsibilities.
  • 5% base rent increases every 5 years.
  • Located less than 15 miles from Meridian, MS.
  • Strong average household income: $75,918.
  • Investment-grade tenant (BBB S&P rating); over 21,000 locations; continued expansion planned.

Property Details for 4018 Ms-19

Property type
Retail properties, Drug stores
Square Feet
10,566 SF
Year Built
2025
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Meridian
County
Lauderdale
State
Mississippi
Latitude
32.291453953183
Longitude
-88.501143499069

FAQs

What type of property is this?
Retail property - Mississippi Dollar General Investment
Where is the retail property located?
The property is located at 4018 Ms-19 Meridian, MS.
What is the asking price?
The asking price for this property is $1,951,775.
What are key features of this property?
This property features: Brand new 2025 Dollar General build-to-suit, Meridian, MS.; 15-year absolute NNN lease; no landlord responsibilities.; 5% base rent increases every 5 years.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4018 Ms-19
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message