2248 Simpson Highway 28Pinola, MS 39149

Property Details for 2248 Simpson Highway 28

Year built

2021

Lot size

1.36 AC

Property size (Sq ft)

9,139 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fee-simple ownership of a 9,139 square foot Dollar General store in Pinola, Mississippi. The property boasts a 15.1-year absolute NNN lease, commencing February 10, 2021, and expiring February 29, 2036, leaving zero landlord responsibilities. With 11.3 years remaining, the lease includes four five-year renewal options, each with a 10% rent increase. The corporate guarantee from Dollar General, holding an investment-grade "BBB" credit rating, ensures financial stability. Located at 2248 Simpson Hwy 28 W, Pinola, MS 39149, this single-story building sits on a 1.36-acre lot and was constructed in 2021. The property enjoys 100% occupancy and generates a Net Operating Income (NOI) of $91,066, resulting in a 7.35% cap rate and a price per square foot of $135.57. The asking price is $1,238,993. This strategically positioned store benefits from high visibility at the intersection of Johnny Bush Road and Highway 28, a location with 2,710 vehicles per day. The strong demographics, including a 10-mile population of 7,354 and a 10-mile average household income of $63,859, further solidify this investment's potential. Ideal for a 1031 exchange or passive investor seeking a secure, high-return retail investment.

Location Insight

City

Pinola

County

Simpson

State

Mississippi

Latitude

31.88

Longitude

-89.9626

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