474 County Road 514 - Freestanding FOR SALE


Rienzi, MS 38865
$934,903 USD
727-550-7114
474 County Road 514, Rienzi, MS for Sale
$934,903 USD
Freestanding - FOR SALE
1/2
null | 8.75% Cap Rate

474 County Road 514
Rienzi, MS 38865


HIGHLIGHTS

  • Highly Desirable Corner Entry Prototype
  • Large 2 Arce Parcel
  • No Immediate Discount Dollar Store Competition
  • 2013 Construction
  • Annual CAM Reconciliation
  • Concrete Parking Lot

OVERVIEW

The Hurd Net Lease Group with Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 474 CR 514 in Rienzi, Mississippi. The investment is being offered at $934,903 which represents an 8.75% capitalization rate. The subject property was built-to-suit for Dollar General in 2013 and consists of approximately 9,100 rentable square feet.. The tenant is encumbered by an original 15-year double net lease structure which runs through March of 2028, accompanied by multiple five-year renewal options. Each renewal option contains rental increases every five years. Dollar General is responsible for HVAC repair and replacement, contributes $308/month towards common area maintenance pays insurance and reimburses for real estate taxes. Additionally, the tenant reimburses for the cost of all repairs on the property that do not constitute capital expenditures. Rienzi, Mississippi is located in Alcorn County, which is is just 39 miles north of Tupelo. This site is located on the corner of US Highway 45 and experiences nearly 15,000 vehicles passing the site daily.

FOR SALE DETAILS

PRICE

$934,903 USD

PRICE/SF

$103 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

C-2

APN/PARCEL ID

1305-16-00201

ASK ABOUT THIS PROPERTY

Daniel HurdMarcus & MillichapMore Info
727-550-7114

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Daniel HurdMarcus & MillichapMore Info
727-550-7114

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