1546 State Road 30 W - Freestanding FOR SALE


Myrtle, MS 38650
$994,000 USD
662-816-6116
1546 State Road 30 W, Myrtle, MS for Sale
$994,000 USD
Freestanding - FOR SALE
1/1
null | 7.5% Cap Rate

1546 State Road 30 W
Myrtle, MS 38650


HIGHLIGHTS

  • Absolute NNN — corporate Dollar General guaranty (NYSE: DG). Tenant pays all expenses including roof and structure; truly passive ownership.
  • Tenant reinvestment — DG-funded remodel in late 2025 (new fixtures, registers, self-checkout, coolers), signaling long-term commitment to the store.
  • 10% increases in each of five 5-year options; 1-mile dollar-store exclusive, nearest competitor 8.3 miles away.
  • Highway 30 frontage between Oxford (Ole Miss) and New Albany.

OVERVIEW

Russell Commercial Advisory is pleased to present a freestanding, 2016-built Dollar General in Myrtle, Mississippi, offered at $994,000 — a 7.50% cap on $74,533 of absolute-net income. The store occupies ±0.98 acres with direct frontage on State Highway 30, midway between Oxford (University of Mississippi) and New Albany. Will consider a portfolio sale with the Carthage, MS Dollar General at 12620 Highway 488, Carthage, MS 39051. 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 4.75 years remain on the primary term, followed by five 5-year renewal options with 10% rent increases that step the yield upward at each renewal. Recent tenant reinvestment underscores long-term commitment to the site: Dollar General completed a corporate-funded remodel beginning November 2025, including new fixtures, registers, self-checkout, and coolers. The lease also carries a 1-mile dollar-store exclusive, and the nearest competing dollar store is 8.3 miles away — a wide competitive moat serving a stable trade area with average household incomes near $97,000 within five 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

$994,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General – Myrtle, MS | ABS NNN, 7.50%

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

-

APN/PARCEL ID

015R-13-033.01

ASK ABOUT THIS PROPERTY

Josh JordanRussell Commercial AdvisoryMore Info
662-816-6116

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Josh JordanRussell Commercial AdvisoryMore Info
662-816-6116

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