Brand New Dollar General | Columbus, MS | 6.75% Cap Rate
Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free standing Dollar General located in Columbus, MS – part of the Golden Triangle economic development region. The subject property has a 15-year, NNN that commenced on February 13, 2019. Columbus is home to the Columbus Air Force Base, Mississippi University for Women (the “W”) and two TVA Megasites. The property is located just off Highway 82 and Highway 45. The store benefits from several major traffic drivers including West Lowndes High School, Magnolia Motor Speedway, and several industrial-type businesses. Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.
Click HERE for Offering Memorandum
- Offering Price: $1,496,272 | 6.75% Cap Rate
- Net Operating Income: $100,998.36
- Building Size: ±9,100 sq. ft.*
- Lot Size: ±1.77 acres*
- Lease Type: 15-year, NNN Lease**
- Lease Commencement Date: February 13, 2019
- Five (5), Five (5) year renewal options with 10% increases
- ±5 miles from Mississippi University for Women
- ±22 miles from Mississippi State University
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 the Principal Broker and with Associate Brokers (“the Brokers”) of Randall Commercial Group, LLC and the owner of Subject Property located at 181 South Frontage Rd., Columbus, MS. The Brokers have an ownership interest in the Subject Property located at 181 South Frontage Rd., Columbus, MS, and other business with the Manager of the ownership entity.
*Source: Lease & Site Plans
**Currently there is a temporary septic tank on the property that is not reimbursable by Dollar General. The Property is scheduled to start receiving water & sewer services from the local water association in late 2019/early 2020.
Price: $1,496,272 | 6.75% Cap Rate
Address: 181 South Frontage Road, Columbus, MS 39701