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Dollar General - Petal, MS 1313 Carterville Rd 9,026 SF Retail Building Petal, MS 39465 $1,870,758 CAD ($207.26 CAD/SF) 7% Cap Rate
Investment Highlights
- Corporate lease with Dollar General, a national credit tenant.
- Offered at $1,351,157 with a 7.00% capitalization rate.
- Four 5-year renewal options with 10% rental increases.
- Annual net operating income of $94,581.
- Approximately six years of lease term remaining through June 2032.
- Absolute Net lease structure with limited landlord responsibilities.
Executive Summary
Market Street Retail Advisors is pleased to present the opportunity to acquire a single-tenant Dollar General investment property located in Petal, Mississippi. The offering features a corporate-guaranteed lease with Dollar General, a nationally recognized discount retailer operating more than 21,000 stores across the United States and Mexico.
The property generates annual net operating income of $94,581 and is offered at $1,351,157, representing a 7.00% capitalization rate. Constructed in 2017, the asset benefits from a 15-year original lease term that commenced in July 2017 and extends through June 2032. Investors will benefit from approximately six years of remaining lease term as well as four five-year renewal options with 10% rent increases at each option period.
Located in Petal, part of the Hattiesburg-Petal regional growth corridor, the property enjoys access to major transportation routes including U.S. Highway 11, Mississippi Highway 42, Interstate 59, and U.S. Highway 49. The surrounding market is supported by major employment drivers including healthcare, higher education, government, and military-related industries.
The property generates annual net operating income of $94,581 and is offered at $1,351,157, representing a 7.00% capitalization rate. Constructed in 2017, the asset benefits from a 15-year original lease term that commenced in July 2017 and extends through June 2032. Investors will benefit from approximately six years of remaining lease term as well as four five-year renewal options with 10% rent increases at each option period.
Located in Petal, part of the Hattiesburg-Petal regional growth corridor, the property enjoys access to major transportation routes including U.S. Highway 11, Mississippi Highway 42, Interstate 59, and U.S. Highway 49. The surrounding market is supported by major employment drivers including healthcare, higher education, government, and military-related industries.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2017
Price
$1,870,758 CAD
Price Per SF
$207.26 CAD
Cap Rate
7%
NOI
$130,953 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.84 AC
Parking
43 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
328’ on Carterville Road
Amenities
- Pylon Sign
- Signage
- Wheelchair Accessible
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3-031M-07-032.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $115,355 CAD |
Property Taxes
Parcel Number
3-031M-07-032.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$115,355 CAD
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Dollar General - Petal, MS | 1313 Carterville Rd
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