Brand New Dollar General | Tupelo, MS | 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 Tupelo, MS. The subject property is currently under construction and will have a 15-year, absolute NNN lease. Dollar General is an investment grade tenant with a Standard & Poor’s BBB credit rating.

The property is located on Auburn Road just off I-22. Tupelo is the county seat and the largest city of Lee County, Mississippi. The seventh-largest city in the state, it is situated in Northeast Mississippi, between Memphis, Tennessee, and Birmingham, Alabama. It is accessed by Interstate 22.

  • Offering Price:  $1,296,768
  • Cap Rate:  6.90%
  • Current NOI:  $89,477
  • Building Size:  9,026*
  • Lot Size:  1.10 acres*
  • Located just off Interstate 22
  • 15-year lease.
  • Rent Commencement Date:  April 6, 2017
  • 1258 Auburn Road, Tupelo, MS 38804

Click HERE for Offering Memorandum

*Landlord provided data
**
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  1258 Auburn Road, Tupelo, MS 38804.  The Brokers have an ownership interest in the Subject Property located at 1258 Auburn Road, Tupelo, MS 38804, and other business with the Manager of the ownership entity.

 

General Info

Category: For Sale

Type: Investment, Retail

Price: $1,296,768

Address: 1258 Auburn Road, Tupelo, MS 38804

Listing Page: Click to View Loopnet Listing Page

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