Brand-New, Brick Dollar General | Saltillo (Tupelo), MS | 6.25% Cap Rate
Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new brick, free-standing Dollar General located in Saltillo, MS. The subject property has a 15-year, NNN with a rent commencement date of January 13, 2020. The property is located on N. Veterans Memorial Blvd. just ±0.2 miles off I-22. While the store has a municipal address of Saltillo, MS, it sits on the Tupelo city line just around the corner from Barnes Crossing, NE Mississippi’s premier shopping destination. The store benefits from a strong traffic count on I-22, (32,000 VPD) and other traffic drivers such as Big Oaks Golf Course (property on south route to club entrance) and the Sprint Mart Truck Stop with Huddle House. N. Veterans is also a pass-thru to Barnes Crossing. Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.
Click HERE for Offering Memorandum
- Offering Price: $1,784,778 | 6.25% Cap Rate
- Net Operating Income: $111,548.64
- Building Size: ±9,026 sq. ft.*
- Lot Size: ±1.40 acres*
- Lease Type: 15-year, NNN Lease**
- Rent Commencement Date: 1/13/2020
- Five (5), Five (5) year renewal options with 10% increases
- ±32,000 VPD on I-22 (±0.2 mile from site)
- The property sits on the border of Tupelo, a 5-time All American City winner
- Tupelo has the largest non-metropolitan hospital in the US
- Tupelo is the birthplace of Elvis Presley
For more information about this property, please contact Elizabeth J. Randall, CCIM or Brian P. Phillips, CCIM.
Important Disclosure: An owner/agency relationship exists with an Associate Brokers of Randall Commercial Group, LLC and the owner of Subject Property located at 2375 N. Veterans Memorial Blvd., Saltillo, MS. The Associate Broker has an ownership interest in the Subject Property located at 2375 N. Veterans Memorial Blvd., Saltillo, MS and other business with the Manager of the ownership entity.
*Source: Lease & Site Plans
Category: For Sale
Type: Investment, Retail
Price: $1,784,778 | 6.25% Cap Rate
Address: 2375 N. Veterans Memorial Blvd., Saltillo (Tupelo), MS 38866