2203 Clay StVicksburg, MS 39183

This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General storefront in Vicksburg, MS. The property boasts 8,125 square feet on a 0.7-acre lot, built in 2004 and currently 100% occupied under a net lease. The lease, commencing February 1, 2004, and expiring January 31, 2030, offers a remaining term of 5.2 years with five 5-year renewal options, each including a 10% rent increase. The tenant, Dollar General, holds an investment-grade credit rating (BBB S&P, Baa2 Moody's) and has demonstrated strong commitment to the location, recently extending their lease. The property enjoys a prime location on Clay Street, a major commercial corridor, benefiting from high visibility and proximity to other national retailers, schools, and major roadways (I-20, US Route 61, and US Business Route 61). The strong demographics of the area, including over 17,500 residents within a 3-mile radius and a robust workforce, further enhance the investment potential. The property's annual net operating income (NOI) is $60,000, resulting in an attractive 8.25% cap rate. A new HVAC system was installed in 2024. This recession-resistant investment offers significant long-term growth potential due to the tenant's consistent sales growth and the built-in rent escalations. The property's strategic location and strong tenant covenant make it an ideal addition to any diversified portfolio.