125 N Jackson St, Brookhaven, MS 39601
Cap Rate: 9.07%
Price Per SF: $40.17
Leasable Area: 11,200 SF
Term Remaining: 1.5 Years
Year Built: 1980
Lot Size: 0.58 Acres
Strong Tenant - Dollar General has been in business since 1939 and is the largest "Small Box" retailer in the nation with over 16,000 locations Nationwide. Dollar General (NYSE: DG) is an investment Grade tenant with a "BBB" rating.
Active Location - Robust economy due to its close proximity to multiple shopping centers. Several large employers support the economic strength of the area including a Walmart Supercenter. Up the street from a neighborhood retail center on one of the main thoroughfares in Brookhaven with nearby traffic counts of 14,000 VPD.
High Population Growth- Exponential population growth over last 15 years. Current population of Brookhaven, MS is 34,500. Population within a 5-mile radius with an average household income over $55,874
Minimal Landlord Responsibilities - This property is encumbered by a NN lease, which requires the landlord to be responsible for for the roof and structure. Landlord is reimbursed for Taxes, Insurance and Parking lot maintenance.
1031 Exchange Asset - Dollar General is a great exchange property due to their creditworthiness and lack of landlord responsibilities. It is also deemed an essential business, thus staying open throughout the stay at home ordinances imposed nationwide