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Dollar General

125 N Jackson St, Brookhaven, MS 39601

Pricing

Price: $450,000

Cap Rate: 9.07%

NOI: $40,800

Price Per SF: $40.17

Leasable Area: 11,200 SF

Term Remaining: 1.5 Years

Year Built: 1980

Occupancy: 100%

Lot Size: 0.58 Acres

Status: Available

Highlights

  • 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

BROKERS OF RECORD: Bang Realty of Mississippi Inc. RE# 21542

41995 Boardwalk Suite L-1

Palm Desert, CA 92211

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Tel: 800-948-1250

Fax: 717-797-0004

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