Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 1006 N. Central Street in Water Valley, Mississippi. This investment is being offered at $525,373 which represents an 9.10% capitalization rate.
Dollar General has been successfully operating at this location for over three decades and have demonstrated their continued commitment to this site by extending their lease through August of 2030. The property is encumbered by a double net lease structure where the landlord is responsible for roof, structure, HVAC, common area maintenance and real estate taxes. The tenant pays for insurance, provides a monthly contribution towards common area maintenance, reimburses for real estate taxes over the base year and pays for repairs less than $500 per occurrence.
Water Valley, Mississippi sits at the county sear of Yalobusha County and is located just 16 miles south of Oxford, Mississippi.