2228 US 82 - Freestanding FOR SALE


Greenville, MS 38703
$596,571 USD
312-957-7212
2228 US 82, Greenville, MS for Sale
$596,571 USD
Freestanding - FOR SALE
1/6
null | 8.75% Cap Rate

2228 US 82
Greenville, MS 38703


HIGHLIGHTS

  • Long Term Tenant
  • Attractive Rent Increases
  • Operating Expense Protection
  • Investment Grade Credit
  • Strategic Location
  • Recession Resistant Tenant

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 2228 US Highway 82 E in Greenville, Mississippi (the “Property”). Dollar General has been at this location since 2003 and has exercised several renewals, demonstrating their commitment to the site and the market. Dollar General has 2+ years remaining on their lease with three (3), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. The Property is well located along US Highway 82 E, one of the area’s primary commercial and commuter corridors. Dollar General is convenient to Downtown Greenville and the waterfront district along the banks of the Mississippi River, which is home to municipal offices, the Tropicana Greenville, a Caesars Casino and Sportsbook, and some of the area’s largest employers. The Property also enjoys convenient access to area schools, Delta Health Systems – The Medical Center (hospital), and Greenville’s national and local retailers and manufacturing facilities. The Property is also easily accessible from Greenville’s residential neighborhoods providing a built-in customer base. Greenville is positioned in west central Mississippi and is within 120 miles of Jackson, MS and 150 miles of Memphis, TN and Little Rock, AR.

FOR SALE DETAILS

PRICE

$596,571 USD

PRICE/SF

$67 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,206 SF

ZONING

-

APN/PARCEL ID

13096600000

ASK ABOUT THIS PROPERTY

Michael MintzHorvath & TremblayMore Info
312-957-7212

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Michael MintzHorvath & TremblayMore Info
312-957-7212

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