2203 Clay StVicksburg, MS 39183

Property Details for 2203 Clay St

Year built

2004

Lot size

0.70 AC

Property size (Sq ft)

8,203 SF

Property type

Retail properties

Property subtype

Retail space

APN

094-3 -20 -0200-07-0002.12

APU

94320020007000212

Description

This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General storefront in Vicksburg, MS. The property boasts 8,125 square feet on a 0.7-acre lot, built in 2004 and currently 100% occupied under a net lease. The lease, commencing February 1, 2004, and expiring January 31, 2030, offers a remaining term of 5.2 years with five 5-year renewal options, each including a 10% rent increase. The tenant, Dollar General, holds an investment-grade credit rating (BBB S&P, Baa2 Moody's) and has demonstrated strong commitment to the location, recently extending their lease. The property enjoys a prime location on Clay Street, a major commercial corridor, benefiting from high visibility and proximity to other national retailers, schools, and major roadways (I-20, US Route 61, and US Business Route 61). The strong demographics of the area, including over 17,500 residents within a 3-mile radius and a robust workforce, further enhance the investment potential. The property's annual net operating income (NOI) is $60,000, resulting in an attractive 8.25% cap rate. A new HVAC system was installed in 2024. This recession-resistant investment offers significant long-term growth potential due to the tenant's consistent sales growth and the built-in rent escalations. The property's strategic location and strong tenant covenant make it an ideal addition to any diversified portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,914,209

  6.5%

  $1,766,962

  7%

  $1,640,751

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,576,845

  Geo Method

  $1,611,555

• Alternative Use

  Use

  Valuation

  Residential

  $1,490,499

  Hospitality

  $1,365,289

  Educational

  $1,135,904

  Medical

  $1,174,970

  Retail

  $1,766,962

Location Insight

City

Vicksburg

County

Warren

State

Mississippi

Latitude

32.3482

Longitude

-90.8648

CBSA code

46980

CBSA name

VICKSBURG, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].