Brand New Dollar General | Byhalia, MS – Memphis MSA | 6.90% Cap Rate

Property Description

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free standing Dollar General located in Byhalia, MS – part of the Memphis MSA –  with a Commencement Date of November 1, 2018.  The subject property has a 15-year, NNN lease.  Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.

The Byhalia Dollar General is just ±15 miles southeast of Olive Branch, MS (DeSoto County) and ±20 miles southeast of Memphis, TN.  The subject property is located in Marshall County, on of Mississippi’s leading industrial/distribution areas.  With over 6,850 acres of industrial park area, Marshall County is home to such companies a  Volvo, Carrier, Post, McCormick, Asics Corporation, Thomas & Betts Corporation, Parker Hannifin/Racor Division, Hunter Fan Company, and more.

Click HERE for Offerring Memorandum

  • Offering Price:  $1,216,300
  • Cap Rate:  6.90%
  • Net Operating Income:  $83,926.80
  • Building Size:  9,100 sq. ft.*
  • Lot Size:  1.36 acres*
  • Lease Type:  NNN
  • Part of the Memphis MSA
  • Tenant:  Dolgencorp, LLC d/b/a Dollar General

*Owner provided data – site plan
**Owner-Agency Disclosure: An owner/agency relationship exists with the Principal Broker and with Associate Brokers (“the Brokers”) of Randall Commercial Group, LLC and the owner of Subject Property located at  2945 Highway 309, Byhalia, MS.  The Brokers have an ownership interest in the Subject Property located at 2945 Highway 309, Byhalia, MS, and other business with the Manager of the ownership entity.

General Info

Category: Recent/Closed Projects

Type: Investment, Retail

Price: $1,216,330

Address: 2945 Highway 309, Byhalia, MS 38611

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