For Sale
$2,057,601

Highway 19Meridian, MS 39307

Mississippi Retail Property - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
123
This exceptional investment opportunity presents a 10,000-square-foot Dollar Tree retail property located at Hwy 19 N, Meridian, MS 39307. The property boasts a new 10-year net lease with a corporate guarantee, ensuring consistent income. The lease includes six, 5-year renewal options, with rent increases scheduled every five years, providing built-in growth potential. The asking price is $2,057,601, representing a compelling $205.76 per square foot and a 6.25% cap rate based on a current Net Operating Income (NOI) of $128,600. The property features excellent visibility and convenient access from Highway 19. This is a single-tenant, 100% occupied, net lease investment with minimal landlord responsibilities, making it an ideal addition to any portfolio. The building is a new construction, offering modern amenities and long-term stability. The strategic location on a major highway ensures high traffic and strong customer visibility. This is a turnkey investment opportunity with significant upside potential.

Highlights

  • New 10-year net lease with Dollar Tree.
  • Minimal landlord responsibilities.
  • Corporate guarantee.
  • Scheduled rent increases.
  • New construction.
  • Excellent visibility and highway access.

Property Details for 0 Highway 19

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,000 SF

Location Insight

City
Meridian
County
Lauderdale
State
Mississippi
Latitude
32.3656054
Longitude
-88.7298638
Highway 19, Meridian, Mississippi

FAQs

What type of property is this?
Retail property - Mississippi Retail Property - High ROI
Where is the retail property located?
The property is located at Highway 19 Meridian, MS.
What is the asking price?
The asking price for this property is $2,057,601.
What are key features of this property?
This property features: New 10-year net lease with Dollar Tree.; Minimal landlord responsibilities.; Corporate guarantee.
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.
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0 Highway 19
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