For Sale
$1,053,787

17825 Main St Louisville, MS 39339

High-performing Dollar General, long-term lease.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 9,026 square foot Dollar General store located at 17825 E Main St, Louisville, MS 39339. Boasting a strong 7.75% cap rate and a substantial NOI of $79,032, this property offers a secure and lucrative return. The property sits on a 2.1-acre lot and was built in 2016. The current lease, a Net Lease (NN) with a corporate guarantee from a credit-rated tenant, has 7.3 years remaining, with five 5-year options, each including a 10% rent increase. The store consistently ranks in the top 25% of Dollar General locations nationwide, demonstrating exceptional performance. Situated conveniently off Highway 14 and across from Winston Medical Center, this location benefits from a strong demographic profile, with an average household income exceeding $72,873 within a 5-mile radius. This is a single-tenant property with 100% occupancy, providing investors with a stable and predictable income stream. The lease commenced February 12, 2017, and expires February 29, 2032. This is a prime opportunity to acquire a well-performing, essential retail asset with a highly reputable tenant and significant long-term growth potential.

Highlights

  • 9,026 SF Dollar General Store on a 2.1-acre lot, built in 2016.
  • 7.75% cap rate and $79,032 NOI.
  • Net Lease (NN) with corporate guarantee; 7.3 years remaining, plus five 5-year options with 10% rent increases each.
  • Top 25% performing Dollar General nationwide.
  • Excellent location: Highway 14 access, across from Winston Medical Center; $72,873 average household income within 5 miles.

Property Details for 17825 Main St

Property type
Retail properties, Drug stores
Square Feet
9,026 SF
Year Built
2016
Buildings
1
Lot Size (sq. ft)
91,476 SF

Location Insight

City
Louisville
County
Winston
State
Mississippi
Latitude
33.1246448578
Longitude
-89.032496439825

FAQs

What type of property is this?
Retail property - High-performing Dollar General, long-term lease.
Where is the retail property located?
The property is located at 17825 Main St Louisville, MS.
What is the asking price?
The asking price for this property is $1,053,787.
What are key features of this property?
This property features: 9,026 SF Dollar General Store on a 2.1-acre lot, built in 2016.; 7.75% cap rate and $79,032 NOI.; Net Lease (NN) with corporate guarantee; 7.3 years remaining, plus five 5-year options with 10% rent increases each.
How can I contact the broker?
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17825 Main St
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