Brick Dollar General | Oxford, MS (Ole Miss) | 6.00% Cap Rate

Property Description

Randall Commercial Group, LLC is pleased to exclusively offer for sale this free standing, brick Dollar General located in Oxford, MS. The subject property has a 15-year, NNN lease with ±13-years remaining. The property is surrounded by ±502 student-housing units and is just 1-mile from FNC Park and the new George G. “Pat” Patterson Pkwy.  Oxford is home to The University of Mississippi (Ole Miss), Mississippi’s flagship university.  Oxford has experienced tremendous growth over the last decade and is touted as the “Cultural Mecca of the South”.   Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.

Click HERE for Offering Memorandum

  • Offering Price:  $2,060,884 | Cap Rate:  6.00%
  • Net Operating Income:  $123,653.04
  • Building Size: ±9,002 sq. ft.*
  • Lot Size: ±1.73 acres*
  • Lease Type:  15-year, NNN Lease
  • Rent Commencement Date:  November 1, 2017
  • Five (5), Five (5) year renewal options with 10% increases
  • ±502 student-housing units (852 beds) surround the property – all 100% occupied
  • ±1-mile from FNC Park, a 75-acre state-of-the-art youth sports facility
  • ±1-mile from the new George G. “Pat” Patterson Parkway, which connects Jackson Ave. to Hwy 314
  • Oxford has grown by 21.16% since 2010

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 229 Highway 314, Oxford, MS. The Associate Broker has an ownership interest in the Subject Property located at 229 Highway 314, Oxford, MS, and other business with the Manager of the ownership entity.

*Source:  Lease & Site Plans

General Info

Category: For Sale

Type: Retail

Price: $2,060,884 | 6.00% Cap Rate

Address: 229 Highway 314, Oxford, MS 38655

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