188 Northside Dr - Freestanding FOR SALE


Newton, MS 39345
$1,411,000 USD
901-827-8929
188 Northside Dr, Newton, MS for Sale
$1,411,000 USD
Freestanding - FOR SALE
1/3
null | 8% Cap Rate

188 Northside Dr
Newton, MS 39345


OVERVIEW

8-YEAR CORPORATE NN LEASE WITH DOLLAR TREE • The subject property is 2021 construction Family Dollar Tree located in Newton, MS. • This store opened and rent commenced in August 2021. • There are 8 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree. • Tenant is responsible for parking lot repair, taxes, Insurance, HVAC, and Utilities. • Landlord responsibilities include Parking Lot Replacement, Roof & Structure. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces and is expanding by 600 stores each year. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion LOCATED AT SIGNALIZED INTERSECTION (23,000 VPD) & DIRECTLY OFF INTERSTATE 20 • This Family Dollar Tree is located on a corner lot at the signalized intersection of Hwy 15 (13,000 VPD) & Hwy 85 (10,000 VPD) • Positioned directly off Interstate 20 (23,000 VPD). I-20 connects Newton to Jackson & Meridian, MS. POSITIONED BETWEEN JACKSON (CAPITAL OF MS) & MERIDIAN, MS • Newton is located off Interstate 20, 1 hour east of Jackson and 25 minutes west of Meridian, MSA. • Jackson is the capital and is the most populous city in the state of Mississippi. With a 2020 population of nearly 600,000, metropolitan Jackson is home to over one-fifth of Mississippi's population. • In 2020, the Jackson metropolitan area held a GDP of 30 billion dollars, accounting for 29% of the state's total GDP of 104.1 billion dollars • Meridian is the 7th largest city in MS and is the county seat of Lauderdale County and the principal city of the Meridian, Mississippi Micropolitan Statistical Area. • Meridian built an economy based on the railways and goods transported on them, and it became a strategic trading center. The city serves as a hub of employment, retail, health care, and culture activities.

FOR SALE DETAILS

PRICE

$1,411,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Tree | Signalized Intersection

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

33 AC

LAND SF

1,437,480 SF

ZONING

Commercial

APN/PARCEL ID

069E-26-00-001.00

ASK ABOUT THIS PROPERTY

William DavisMarcus & MillichapMore Info
901-827-8929

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William DavisMarcus & MillichapMore Info
901-827-8929

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.