65 Sturgis West Point Rd - Freestanding FOR SALE


Sturgis, MS 39769
$1,473,048 USD
214-692-2927
65 Sturgis West Point Rd, Sturgis, MS for Sale
$1,473,048 USD
Freestanding - FOR SALE
1/3
null | 7.35% Cap Rate

65 Sturgis West Point Rd
Sturgis, MS 39769


HIGHLIGHTS

  • Built to Suit Construction for Dollar General
  • Five, 5-year options, all of which include a 10% rent increase
  • Average household income of $100,635, considered to be a ideal for Dollar General
  • Limited competition- there is no other discount retailer in Sturgis

OVERVIEW

Extremely strong corporately guaranteed lease. Dollar General boasts an investment grade credit rating of BBB (S&P). Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future. Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic. Dollar General has a market cap of ±$30 billion. 2.5% BUYSIDE FEE | AHI $100,635

FOR SALE DETAILS

PRICE

$1,473,048 USD

PRICE/SF

$138 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

C

APN/PARCEL ID

012M-00-009.00

ASK ABOUT THIS PROPERTY

Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

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Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

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