400 Depot St, Lexington, MS 39095
Cap Rate: 10.00%
Price Per SF: $54.77
Leasable Area: 8,125 SF
Term Remaining: 1.7 Years
Year Built: 2004
Lot Size: 0.77 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.
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