8522 US Highway 98 - Freestanding FOR SALE


Sumrall, MS 39482
$1,609,052 USD
214-692-2927
8522 US Highway 98, Sumrall, MS for Sale
$1,609,052 USD
Freestanding - FOR SALE
1/3
null | 7.15% Cap Rate

8522 US Highway 98
Sumrall, MS 39482


HIGHLIGHTS

  • 2022 Built to Suit Construction for Dollar General
  • Five, 5 year options, all of which include a 10% rent increase
  • 10 mile population of ±16,357 residents
  • Average growth of 1.8% annually since 2010
  • Limited competition – there is no other discount retailer in Sumrall
  • Dollar General boasts an investment grade credit rating of BBB (S&P)

OVERVIEW

Dollar General has ±19,600 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 Broker of Record Phillip Carpenter License No. C-11708 (MS) (866) 889-0550 Carpenter Properties, Inc. 1437 Old Square Road, Suite 104 Jackson, MS 39211

FOR SALE DETAILS

PRICE

$1,609,052 USD

PRICE/SF

$151 USD /SF

CAP RATE

7.15%

% 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

2022

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,640 SF

ZONING

Retail

APN/PARCEL ID

156-23-038.000

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.