Market Street Retail Advisors is pleased to present the opportunity to acquire a single-tenant Dollar General investment property located in Petal, Mississippi. The offering features a corporate-guaranteed lease with Dollar General, a nationally recognized discount retailer operating more than 21,000 stores across the United States and Mexico.
The property generates annual net operating income of $94,581 and is offered at $1,351,157, representing a 7.00% capitalization rate. Constructed in 2017, the asset benefits from a 15-year original lease term that commenced in July 2017 and extends through June 2032. Investors will benefit from approximately six years of remaining lease term as well as four five-year renewal options with 10% rent increases at each option period.
Located in Petal, part of the Hattiesburg-Petal regional growth corridor, the property enjoys access to major transportation routes including U.S. Highway 11, Mississippi Highway 42, Interstate 59, and U.S. Highway 49. The surrounding market is supported by major employment drivers including healthcare, higher education, government, and military-related industries.