6352 Hwy 11 N - Freestanding FOR SALE


Picayune, MS 39466
$1,677,286 USD
248-702-0288
6352 Hwy 11 N, Picayune, MS for Sale
$1,677,286 USD
Freestanding - FOR SALE
1/4
null | 7% Cap Rate

6352 Hwy 11 N
Picayune, MS 39466


HIGHLIGHTS

  • Built to Suit for Dollar General in 2018
  • 9 Years Remaining on Original 15 Year Lease
  • Absolute NNN Lease w/ No Landlord Obligations
  • Investment Credit S&P Rated "BBB" Corporate Guarantee Lease by Dollar General
  • 10% Rent Increase at Each Option Renewal w/ (4) 5 Year Options to Renew
  • Strategically Located on US-11 next to the USPS Post Office and blocks away from Highland Community Hospital

OVERVIEW

Built to Suit for Dollar General in 2018 9 Years Remaining on Original 15 Year Lease Absolute NNN Lease w/ No Landlord Obligations Investment Credit S&P Rated "BBB" Corporate Guarantee Lease by Dollar General 10% Rent Increase at Each Option Renewal w/ (4) 5 Year Options to Renew Strategically Located on US-11 next to the USPS Post Office and blocks away from Highland Community Hospital The Nearest Dollar General is 4 Miles North; Dollar General is the Only Market / Dollar Store in the 4 Mile Span 10,566 SF Building on 1.44 Acres

FOR SALE DETAILS

PRICE

$1,677,286 USD

PRICE/SF

$159 USD /SF

CAP RATE

7%

% 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

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

-

APN/PARCEL ID

6-17-1-02-000-000-7702

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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