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Dollar General 12400 MS-16 10,566 SF 100% Leased Retail Building Philadelphia, MS 39350 $2,039,855 CAD ($193.06 CAD/SF) 7.55% Cap Rate
Investment Highlights
- Absolute NNN lease with ±11 years remaining and five 5-year options with 10% rent increases.
- Corporate guaranteed lease by Dollar General Corporation, S&P BBB investment-grade credit.
- 10-mile population exceeds 20,000, supporting strong retail demand.
- 2022 build-to-suit Dollar General prototype with ±10,566 SF on 1.64 acres.
- Surrounded by national retailers including Walmart, Wendy’s, and Popeyes.
- High visibility location along MS-16, ±80 miles from Jackson, MS.
Executive Summary
Broker of Record
Phillip Carpenter
License # C-11708, 8906 (MS)
Matthews Real Estate Investment Services, LLC
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Phillip Carpenter
License # C-11708, 8906 (MS)
Matthews Real Estate Investment Services, LLC
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,566 SF
Year Built
2022
Price
$2,039,855 CAD
Price Per SF
$193.06 CAD
Cap Rate
7.55%
NOI
$154,009 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
1.64 AC
Opportunity Zone
Yes
Parking
25 Spaces (2.37 Spaces per 1,000 SF Leased)
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 04300 -26 -005.001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $189,260 CAD |
Property Taxes
Parcel Number
04300 -26 -005.001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$189,260 CAD
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Dollar General | 12400 MS-16
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