611 W Madison St - Freestanding FOR SALE


Houston, MS 38851
$617,140 USD
765-293-2933
611 W Madison St, Houston, MS for Sale
$617,140 USD
Freestanding - FOR SALE
1/4
null | 8.75% Cap Rate

611 W Madison St
Houston, MS 38851


HIGHLIGHTS

  • Corporate Credit tenant as Dolgencorp, LLC is a subsidiary of Dollar General Corp (around 20,000 stores nationwide).
  • Top 21% Dollar General nationwide (Placer.Ai), reflecting above average customer traffic.
  • Attractive basis with below market rent of $5.99/SF and being below replacement cost.
  • Three options remaining with rent increases.
  • Long term operating history at the site of 20 years.
  • Positioned next to another National Retailer in O’Reilly Auto Parts, which is also available for purchase.

OVERVIEW

Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a Dollar General property located at 611 W Madison Street in Houston, Mississippi. The property is leased to Dolgencorp, LLC, a wholly owned subsidiary of Dollar General Corporation (NYSE: DG), which operates approximately 20,000 locations nationwide. This store performs exceptionally well, ranking in the top 21% of Dollar General locations nationally according to Placer.ai. The asset benefits from several recent capital improvements, including two HVAC unit replacements in 2021 and 2022 and roof improvements completed in 2023. Additional site features include prominent pylon signage, two points of ingress and egress, and a 9,014 square foot building situated on 0.80 acres. With rent levels below market and the asset positioned below replacement cost, this investment provides an attractive entry point with long-term value potential.

FOR SALE DETAILS

PRICE

$617,140 USD

PRICE/SF

$68 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

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

-

APN/PARCEL ID

1-103B-05-008.00

ASK ABOUT THIS PROPERTY

Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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