Share This Listing

Message

949 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Dollar General 107 N Lee Dr 8,200 SF Retail Building Guntown, MS 38849 $556,972 CAD ($67.92 CAD/SF) 7.88% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

Dollar General - Guntown, MS. Brand new roof with 20-year warranty just installed March 2025! Investment opportunity being offered at $399,000, with a cap rate of 7.9%. The 8,200 square foot+/- property is situated on 1.00 acre+/-, built in 2002. Dollar General extended their lease through 11/30/2027, and currently pays $2,620 per month, plus an additional $150 is paid each month to the owner for parking lot maintenance. This established DG has two five-year extension options remaining, each with a rent increase. Property taxes and insurance are paid by tenant. Maintenance duties are shared between landlord and tenant. Great metal building with visibility from Highway 45! Located in thriving Lee County, and just 11 miles north of Tupelo.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $43,888 $5.35
Other Income $2,513 $0.31
Vacancy Loss - -
Effective Gross Income $46,400 $5.66
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $43,888
Annual Per SF $5.35
Other Income (CAD)
Annual $2,513
Annual Per SF $0.31
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $46,400
Annual Per SF $5.66
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,200 SF
Building Class
C
Year Built
2002
Price
$556,972 CAD
Price Per SF
$67.92 CAD
Cap Rate
7.88%
NOI
$43,889 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.00 AC
Frontage
198’ on Mitchell Avenue

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
025U-21-006-33
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$98,422 CAD (2025)
  • Listing ID: 35931207

  • Date on Market: 2025-05-21

  • Last Updated:

  • Address: 107 N Lee Dr, Guntown, MS 38849

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}