5092 Us-98McComb, MS 39648

Property Details for 5092 Us-98

Year built

2015

Lot size

1.50 AC

Property size (Sq ft)

9,100 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a fee-simple Dollar General convenience store and grocery store located at 5092 US-98, McComb, Mississippi, 39648. The property boasts 9,100 square feet on a 1.5-acre lot, featuring 30 parking spaces. Built in 2015, this single-tenant, net-lease (NNN) property offers a credit-rated Dollar General tenant with a remaining lease term of approximately 5.9 years, expiring October 31, 2030. The lease commenced October 25, 2015, and includes two 5-year renewal options with a 10% rent increase in each. The property currently enjoys 100% occupancy and generates a substantial net operating income (NOI) of $92,248, resulting in an attractive 8.15% cap rate. The asking price is $1,131,880, translating to $124.38 per square foot. The property's prime location is directly across the highway from the Two Oaks Mobile Home Park (45 units, 0% vacancy) and less than half a mile from the J.C. Lewis Mobile Home Park (63 units, 0% vacancy), ensuring a consistent customer base. The property's APN is 812097-FA, 812152-BA. This is a highly desirable "sideways" store, presenting a secure and profitable investment opportunity.

Location Insight

City

McComb

County

Pike

State

Mississippi

Latitude

31.2046

Longitude

-90.3701

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