2173 Highway 590 - Convenience Store FOR SALE


Ellisville, MS 39437
$1,224,925 USD
248-254-3406
2173 Highway 590, Ellisville, MS for Sale
$1,224,925 USD
Convenience Store - FOR SALE
1/6
null | 7.35% Cap Rate

2173 Highway 590
Ellisville, MS 39437


HIGHLIGHTS

  • 15 Year Absolute NNN Lease
  • Zero Landlord Responsibilities
  • 4 (5 Year) Options | 10% Increases At Each Option
  • 10 Mile Population 16,516
  • 1,516 Vehicles Per Day
  • Investment Grade Dollar Store With "BBB" Credit Rating

OVERVIEW

Fortis Net Lease is pleased to present this 9,226 SF Dollar General store located in Ellisville, MS. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease has remaining 4 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has been open & operating successfully since February 2021. This Dollar General is highly visible as it is strategically positioned at the intersection of MS Highway 590 and Monroe Road which sees 1,516 vehicles per day. The ten mile population from the site is 16,516 while the ten mile average household income $61,052 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.

FOR SALE DETAILS

PRICE

$1,224,925 USD

PRICE/SF

$133 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

-

APN/PARCEL ID

070 -23-00-004.07

ASK ABOUT THIS PROPERTY

Robert BenderFortis Net LeaseMore Info
248-254-3406

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Robert BenderFortis Net LeaseMore Info
248-254-3406

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