Brand-New, Brick Dollar General | Tupelo, MS | 6.00% Cap Rate
Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free standing Dollar General located in Tupelo, MS. The subject property has a 15-year, NNN that commenced on May 2, 2019. Tupelo is located in the northeastern part of Mississippi and is consistently ranked among the top 10 micropolitan cities in America for job creation and economic diversification. The property is a rare infill location on N. Gloster Street, Tupelo’s main commercial corridor, and sits on the edge between Tupelo’s Downtown and Midtown Districts. The store benefits from ±24,000 AADT as well as a strong retail presence in the area. Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.
Click HERE for Offering Memorandum
- Offering Price: $1,711,166 | 6.00% Cap Rate
- Net Operating Income: $102,669.96
- Building Size: ±9,100 sq. ft.*
- Lot Size: ±0.81 acres*
- Lease Type: 15-year, NNN Lease**
- Lease Commencement Date: May 2, 2019
- Five (5), Five (5) year renewal options with 10% increases
- Tupelo is a 5-time All American City winner by the National Civic League
- Tupelo population swells by 300% during the day
- Tupelo is home to the largest non-metropolitan hospital in the US
- The Toyota Motor Manufacturing Facility is just ±10 from Tupelo (1,500 jobs)
- Tupelo has a strong manufacturing sector
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 550 N. Gloster Street, Tupelo, MS. The Associate Broker has an ownership interest in the Subject Property located at 550 N. Gloster Street, Tupelo, MS, and other business with the Manager of the ownership entity.
*Source: Lease & Site Plans
Category: For Sale
Type: Investment, Retail
Price: $1,711,166 | 6.00% Cap Rate
Address: 550 N. Gloster Street, Tupelo, MS 38801