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12400 Hwy 16 W, Philadelphia, MS, 39350

Dollar General
$1,491,471

Key Information

Cap Rate
7.55%
$ per SF
$141
Tot. SF
10,566
Lot Size
1.64 Acres
Year Built
2022
Term Remaining
±11 YRS
Type
Retail
Occupancy
100%
NOI
$112,606

Highlights

  • 2022 build-to-suit construction for Dollar General Corporation
  • Larger ±10,566 square foot prototype
  • Five, 5-year options, all of which include a 10% rent increase
  • Nearby national tenants include Wendy’s, Sonic, Advance Auto Parts, Pizza Hut, Shell, Walmart Supercenter, Regions Bank, Popeyes, etc.
  • 10-mile population in excess of 20,000 residents
  • ±80 miles northeast of Jackson, MS
  • Corporate Guaranteed lease from Dollar General Corporation
  • 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

Broker of Record

Phillip Carpenter

License # C-11708, 8906 (MS)
Matthews Real Estate Investment Services, LLC
1437 Old Square Road, Suite 104 Jackson, MS 39211