Cap Rate
7.5%
$ per SF
$149
Tot. SF
10,566
820 East Side Drive, Newton, MS, 39345
Dollar General$1,581,054
Key Information
Lot Size
2.18 Acres
Year Built
2023
Term Remaining
±12 YRS
Type
Retail
Occupancy
100%
NOI
$118,579
Highlights
- 2023 build-to-suit construction for Dollar General Corporation
- ±12 Years remaining on an initial 15-year Absolute NNN Lease with ZERO landlord responsibilities
- Excellent visibility and access off Highway 15, which is the main throughfare through the Newton market (±12,993 VPD)
- Newton is located approximately 28 miles west of Meridian and 67 miles east of Jackson
- Very Attractive 7.50% Cap Rate in today’s competitive dollar store market
- Nearby national tenants include Walmart Supercenter, Subway, Taco Bell, Hardee’s, and more
- Leased to Dollar General Corporation, rated BBB by S&P (investment-grade)
- National retailer with over 21,000 locations and active growth strategy
- Designated essential business, demonstrating operational resilience and profitability during and beyond the COVID-19 period
Photos
Location
Agents
J
Josh BishopLicense # 688810 (TX)
S
Scotty LatimerLicense # 790608 (TX)
Broker of Record
Phillip Carpenter
License # C-11708, 8906 (MS)Carpenter Properties, Inc. 1437 Old Square Road, Suite 104 Jackson, MS 39211