1006 Central St - Freestanding FOR SALE


Water Valley, MS 38965
$525,373 USD
727-550-7114
1006 Central St, Water Valley, MS for Sale
$525,373 USD
Freestanding - FOR SALE
1/1
null | 9.1% Cap Rate

1006 Central St
Water Valley, MS 38965


HIGHLIGHTS

  • Over 30 years of operating history at this location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$525,373 USD

PRICE/SF

$65 USD /SF

CAP RATE

9.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,986 SF

ZONING

-

APN/PARCEL ID

0503B-04-0019700

ASK ABOUT THIS PROPERTY

Daniel HurdMarcus & MillichapMore Info
727-550-7114

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Daniel HurdMarcus & MillichapMore Info
727-550-7114

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.