For Sale
$1,711,000

700 Ms-7 Greenwood, MS 38930

High-Yield Retail Investment, Mississippi

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a single-tenant, 8,320-square-foot Family Dollar convenience store located at 700 MS-7, Greenwood, Mississippi, 38930. The property sits on a 0.92-acre lot and boasts a strong 100% occupancy rate under a triple-net (NNN) lease, minimizing landlord responsibilities. Built in 2016, the one-story building is zoned CM and features a 15-year lease commencing October 1, 2015, and expiring September 30, 2030, with a remaining term of approximately 5.9 years. The lease includes six five-year renewal options, with rent bumps of 10% in years 11-15 and in each option period. The asking price is $1,711,000, translating to a price per square foot of $205.65 and a compelling 6.67% capitalization rate based on a net operating income (NOI) of $114,120. The tenant, Family Dollar, is backed by a corporate guarantee, providing significant financial security. This investment benefits from the relocation of a high-volume existing store nearby, indicating strong market demand and potential for continued success. The property offers a secure, passive income stream with built-in growth potential through the lease's built-in rent increases. This is a rare opportunity to acquire a well-performing retail asset in a stable market.

Highlights

  • 8,320 SF Family Dollar; 0.92-acre lot, Greenwood, MS.
  • Triple-net (NNN) lease with 100% occupancy.
  • 15-year lease (expires 9/30/2030), six 5-year options with 10% rent increases.
  • Asking price: $1,711,000 ($205.65/SF), 6.67% cap rate.
  • Corporate guaranteed lease; strong market demand due to nearby store relocation.

Property Details for 700 Ms-7

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,320 SF
Year Built
2016
Buildings
1
Stories
1
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Greenwood
County
Leflore
State
Mississippi
Latitude
33.5178509
Longitude
-90.1513274

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment, Mississippi
Where is the retail property located?
The property is located at 700 Ms-7 Greenwood, MS.
What is the asking price?
The asking price for this property is $1,711,000.
What are key features of this property?
This property features: 8,320 SF Family Dollar; 0.92-acre lot, Greenwood, MS.; Triple-net (NNN) lease with 100% occupancy.; 15-year lease (expires 9/30/2030), six 5-year options with 10% rent increases.
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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700 Ms-7
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