419 Lehmberge St - Freestanding FOR SALE


Artesia, MS 39705
$909,698 USD
402-413-8527
419 Lehmberge St, Artesia, MS for Sale
$909,698 USD
Freestanding - FOR SALE
1/1
null | 8.23% Cap Rate

419 Lehmberge St
Artesia, MS 39705


HIGHLIGHTS

  • 6.3+ YEARS ABSOLUTE NNN - Five 5-Yr Renewal Options. 10% Rent Increase Each Option
  • STRATEGICALLY LOCATED WITHIN THE GOLDEN TRIANGLE - $7.25B GDP, $12B Capital Investments, 174,000 Workforce
  • #1 MANUFACTURING GROWTH REGION IN THE U.S. - Top Employers Include Steel Dynamics, International Paper, Yokohama Tires
  • NEARBY COLUMBUS AIR FORCE BASE - Top Pilot-Training Center. $647M Annual Economic Impact
  • NATIONAL INVESTMENT-GRADE TENANT (NYSE:DG) - $42.7B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease

OVERVIEW

TOUCHSTONE COMMERCIAL PARTNERS is pleased to present the opportunity to acquire a Dollar General located in Artesia, Mississippi. This offering features an absolute triple net lease with zero landlord responsibilities. The lease extends through July 2032 and includes a five 5-year renewal option, each with a 10% rent increase. Artesia is strategically positioned within Mississippi’s Golden Triangle, the three-county regional economy anchored by Columbus, Starkville, and West Point. The Golden Triangle region is a fast-growing manufacturing powerhouse and is home to major employers and industrial operators, including Steel Dynamics, PACCAR, Aluminum Dynamics, International Paper, Yokohama Tire, and Airbus Helicopters. Aerospace, defense, and workforce development provide an equally important second pillar. Columbus Air Force Base is a major pilot-training installation that generates $647 million in annual economic impact, while Mississippi State University strengthens the market through talent development, research, and regional consumer traffic. Broker of Record: Bang Realty of Mississippi, Inc., Lic #21543

FOR SALE DETAILS

PRICE

$909,698 USD

PRICE/SF

$100 USD /SF

CAP RATE

8.23%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

-

APN/PARCEL ID

31E000002502

ASK ABOUT THIS PROPERTY

Andrew VuTouchstone Commercial Partners, Inc.More Info
402-413-8527

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Andrew VuTouchstone Commercial Partners, Inc.More Info
402-413-8527

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