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1842 Hwy 12 9,026 SF Retail Building Weir, MS 39772 $1,307,521 CAD ($144.86 CAD/SF) 8% Cap Rate
Investment Highlights
- Absolute NNN Lease – There are zero landlord responsibilities or expenses, providing 100% passive income to the landlord.
- Low Rents – Low rents provide the tenant with healthier operating margins when compared to newer construction product.
- Limited Competition – There are no other competing retailers or convenience stores in town.
- Strategic Location – The property is strategically located with prime HWY 12 frontage.
- Strong Corporate Guaranty – From Dollar General Corporation, a Fortune 500 company, boasting a BBB credit rating (S&P) and a $28 billion market cap.
Executive Summary
Broker of Record
Phillip Carpenter
License No. C-11708 (MS)
(866) 889-0550
Carpenter Properties, Inc.
1437 Old Square Road,
Suite 104 Jackson, MS 39211
Phillip Carpenter
License No. C-11708 (MS)
(866) 889-0550
Carpenter Properties, Inc.
1437 Old Square Road,
Suite 104 Jackson, MS 39211
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2015
Price
$1,307,521 CAD
Price Per SF
$144.86 CAD
Cap Rate
8%
NOI
$104,602 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.29 AC
Opportunity Zone
Yes
Frontage
220’ on Hwy 12
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Feb 2030
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Feb 2030 |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 088-0005-0006000 | Improvements Assessment | $6,386 CAD |
| Land Assessment | $2,462 CAD | Total Assessment | $8,848 CAD |
Property Taxes
Parcel Number
088-0005-0006000
Land Assessment
$2,462 CAD
Improvements Assessment
$6,386 CAD
Total Assessment
$8,848 CAD
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1842 Hwy 12
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