1313 Carterville Rd - Freestanding FOR SALE


Petal, MS 39465
$1,351,157 USD
865-567-1997
1313 Carterville Rd, Petal, MS for Sale
$1,351,157 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

1313 Carterville Rd
Petal, MS 39465


HIGHLIGHTS

  • Corporate lease with Dollar General, a national credit tenant.
  • Annual net operating income of $94,581.
  • Offered at $1,351,157 with a 7.00% capitalization rate.
  • Approximately six years of lease term remaining through June 2032.
  • Four 5-year renewal options with 10% rental increases.
  • Absolute Net lease structure with limited landlord responsibilities.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,351,157 USD

PRICE/SF

$150 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Petal, MS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

-

APN/PARCEL ID

3-031M-07-032.00

ASK ABOUT THIS PROPERTY

Ben SullivanMarket Street Retail AdvisorsMore Info
865-567-1997

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Ben SullivanMarket Street Retail AdvisorsMore Info
865-567-1997

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