For Sale
$1,864,631

204 Main StNettleton, MS 38858

High-Yield Retail Investment, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 10,500 square foot Dollar Tree storefront in Nettleton, Mississippi, situated at 204 Main St, 38858. The property boasts a new construction, 10-year net lease with a corporate guarantee, commencing April 30, 2024, and expiring April 30, 2034. The lease includes four, five-year renewal options with scheduled rent increases, ensuring consistent income growth. The property offers a strong 7.45% cap rate and a substantial net operating income (NOI) of $138,915, with an asking price of $1,864,631 ($177.58/sq ft). The strategic location along Main Street provides high visibility, benefiting from over 6,000 vehicles per day and convenient access to Highway 278, leading directly to Tupelo. Its proximity to the Nettleton School District (three schools, 1,162 students) and neighboring businesses further enhances its appeal. This is a low-maintenance, high-return investment with minimal landlord responsibilities, making it an ideal addition to any portfolio. The lease's strong terms and the tenant's financial stability provide a secure and profitable investment opportunity.

Highlights

  • 10-Year Net Lease to Dollar Tree.
  • Minimal landlord responsibilities.
  • Rent includes scheduled increases and corporate guarantee.
  • Excellent visibility on Main Street (6,000+ vehicles per day).
  • Convenient highway access to Tupelo, and proximity to Nettleton School District (3 schools, 1,162 students).
  • Strong retail co-tenancy.

Property Details for 204 Main St

Property type
Retail properties, Retail space
Square Feet
10,500 SF

Location Insight

City
Nettleton
County
Lee
State
Mississippi
Latitude
34.0892616
Longitude
-88.6250076
204 Main St, Nettleton, Mississippi

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204 Main St
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