Cap Rate
7.55%
$ per SF
$141
Tot. SF
10,566
12400 Hwy 16 W, Philadelphia, MS, 39350
Dollar General$1,491,471
Key Information
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
J
Josh BishopLicense # 688810 (TX)
S
Scotty LatimerLicense # 790608 (TX)
Broker of Record
Phillip Carpenter
License # C-11708, 8906 (MS)Matthews Real Estate Investment Services, LLC1437 Old Square Road, Suite 104 Jackson, MS 39211