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 2024. The property is occupied by a triple-net (NNN) leased Dollar General, Dollar Tree, and Family Dollar, offering a 15-year lease commencing January 15, 2025, and expiring January 31, 2040. The lease includes five, five-year options with attractive 5% rent bumps every five years. The property boasts a 7.10% cap rate and a strong net operating income (NOI) of $138,576. Situated on a 2-acre lot at 4018 MS-19, Meridian, MS 39301, this property benefits from a 100% occupancy rate and a credit-rated tenant with a corporate guarantee, minimizing landlord responsibilities. The tenant's strong financial performance and the long-term lease structure make this a compelling investment opportunity with significant potential for future returns. The property is a new prototype design and represents a secure, passive income stream for investors seeking a stable, high-performing asset in a growing market. The average household income in the area is $75,918, further supporting the property's strong tenant performance and long-term viability. This is a rare opportunity to acquire a high-quality, triple-net leased retail property with a well-established tenant and a secure long-term lease.

Highlights

  • $1,951,775 asking price for a Net Lease retail property.
  • Absolute NNN lease with a credit-rated, corporate-guaranteed tenant (Dollar General, Dollar Tree, Family Dollar).
  • 10,566 square feet on a 2-acre lot, built in 2024, with 100% occupancy.
  • 15-year lease commencing January 15, 2025, and expiring January 31, 2040, including five 5-year options with 5% rent bumps every 5 years.
  • $138,576 Net Operating Income (NOI) yielding a 7.10% cap rate.
  • Located at 4018 MS-19, Meridian, MS 39301.

Property Details for 4018 Ms-19

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,566 SF
Year Built
2024
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Meridian
County
Lauderdale
State
Mississippi
Latitude
32.291427086882
Longitude
-88.501175765815

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: $1,951,775 asking price for a Net Lease retail property.; Absolute NNN lease with a credit-rated, corporate-guaranteed tenant (Dollar General, Dollar Tree, Family Dollar).; 10,566 square feet on a 2-acre lot, built in 2024, with 100% occupancy.
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