12620 Highway 488 - Freestanding FOR SALE


Carthage, MS 39051
$1,630,900 USD
662-816-6116
12620 Highway 488, Carthage, MS for Sale
$1,630,900 USD
Freestanding - FOR SALE
1/1
null | 6.7% Cap Rate

12620 Highway 488
Carthage, MS 39051


HIGHLIGHTS

  • Absolute NNN — corporate Dollar General guaranty (NYSE: DG). Tenant pays all expenses including roof and structure; truly passive ownership.
  • 2022 new construction with a long runway — no deferred maintenance and ~11+ years of firm term through November 2037, then five 5-year options.
  • Built-in rent growth + protected trade area — 10% increases in each option; 1-mile dollar-store exclusive in the Leake County seat.

OVERVIEW

Russell Commercial Advisory is pleased to present a freestanding, 2022-built Dollar General in Carthage, Mississippi, offered at $1,630,900 — a 6.70% cap on $109,270 of absolute-net income. The store occupies ±1.88 acres with frontage on Highway 488 in Carthage, the Leake County seat. Will consider a portfolio sale with the Myrtle, MS Dollar General at 1546 Highway 30 West, Myrtle, MS 38650. The property is corporately guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant (S&P BBB), on an absolute triple-net lease — the tenant is responsible for all expenses, including roof and structure — making this a completely passive investment. Approximately 11.4 years remain on the primary term through November 2037, followed by five 5-year renewal options with 10% rent increases that step the yield upward at each renewal. As 2022 new construction, the property carries no deferred maintenance and minimal near-term capital risk — a core, management-free hold. The lease also carries a 1-mile dollar-store exclusive, serving Carthage, the Leake County seat, with average household incomes near $71,000 and roughly 13,700 residents within ten miles. My seller is also looking to purchase Dollar Generals. Please reach out to discuss! Offered in cooperation with Bang Realty of Mississippi, Inc. (Broker of Record).

FOR SALE DETAILS

PRICE

$1,630,900 USD

PRICE/SF

$153 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General–Carthage, MS | ABS NNN, 6.70%

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

079260023

ASK ABOUT THIS PROPERTY

Josh JordanRussell Commercial AdvisoryMore Info
662-816-6116

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

Josh JordanRussell Commercial AdvisoryMore Info
662-816-6116

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