Dollar General–Carthage, MS | ABS NNN, 6.70% 12620 Highway 488 10,640 SF Retail Building Carthage, MS 39051 $2,247,380 CAD ($211.22 CAD/SF) 6.70% Cap Rate

Russell Commercial Advisory is pleased to present a freestanding, 2022-built Dollar General in Carthage, Mississippi, offered at $1,630,900 — a 6.70% cap on $109,270 of absolute-net income. The store occupies ±1.88 acres with frontage on Highway 488 in Carthage, the Leake County seat.
Will consider a portfolio sale with the Myrtle, MS Dollar General at 1546 Highway 30 West, Myrtle, MS 38650.
The property is corporately guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant (S&P BBB), on an absolute triple-net lease — the tenant is responsible for all expenses, including roof and structure — making this a completely passive investment. Approximately 11.4 years remain on the primary term through November 2037, followed by five 5-year renewal options with 10% rent increases that step the yield upward at each renewal.
As 2022 new construction, the property carries no deferred maintenance and minimal near-term capital risk — a core, management-free hold. The lease also carries a 1-mile dollar-store exclusive, serving Carthage, the Leake County seat, with average household incomes near $71,000 and roughly 13,700 residents within ten miles.
My seller is also looking to purchase Dollar Generals. Please reach out to discuss!
Offered in cooperation with Bang Realty of Mississippi, Inc. (Broker of Record).