205 South St - Freestanding FOR SALE


Merigold, MS 38759
$934,720 USD
662-234-4044
205 South St, Merigold, MS for Sale
$934,720 USD
Freestanding - FOR SALE
1/2
null | 7.5% Cap Rate

205 South St
Merigold, MS 38759


HIGHLIGHTS

  • NN+ Single Tenant Investment Opportunity
  • ±9 Term Remaining with Four (4), Five (5) Year Options
  • Tenant executed an extension in 2023
  • 10% Increases Per Option
  • Corporate Guarantee by Dollar General Corporation

OVERVIEW

Randall Commercial Group, LLC is pleased to exclusively offer for sale this NN+*, free-standing Dollar General located in Merigold, MS. Dollar General has recently executed an extension through August 31, 2033, showing dedication to the site. There are just over nine years remaining on the current term with four (4), five (5) year options remaining, each featuring a 10% rent increase. The property is located at the intersection of South Street and Blues Highway in Merigold, a high-traffic location that sees approximately 13,000 VPD on the route south to Cleveland, MS, the home of Delta State University and the Mississippi Grammy Museum. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

FOR SALE DETAILS

PRICE

$934,720 USD

PRICE/SF

$104 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Merigold, MS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

35-20-900-00-01101

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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