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419 Lehmberge St 9,100 SF Retail Building Artesia, MS 39705 $1,254,173 CAD ($137.82 CAD/SF) 8.23% Cap Rate
Investment Highlights
- 6.3+ YEARS ABSOLUTE NNN - Five 5-Yr Renewal Options. 10% Rent Increase Each Option
- #1 MANUFACTURING GROWTH REGION IN THE U.S. - Top Employers Include Steel Dynamics, International Paper, Yokohama Tires
- NATIONAL INVESTMENT-GRADE TENANT (NYSE:DG) - $42.7B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease
- STRATEGICALLY LOCATED WITHIN THE GOLDEN TRIANGLE - $7.25B GDP, $12B Capital Investments, 174,000 Workforce
- NEARBY COLUMBUS AIR FORCE BASE - Top Pilot-Training Center. $647M Annual Economic Impact
Executive Summary
TOUCHSTONE COMMERCIAL PARTNERS is pleased to present the opportunity to acquire a Dollar General located in Artesia, Mississippi. This offering features an absolute triple net lease with zero landlord responsibilities. The lease extends through July 2032 and includes a five 5-year renewal option, each with a 10% rent increase.
Artesia is strategically positioned within Mississippi’s Golden Triangle, the three-county regional economy anchored by Columbus, Starkville, and West Point. The Golden Triangle region is a fast-growing manufacturing powerhouse and is home to major employers and industrial operators, including Steel Dynamics, PACCAR, Aluminum Dynamics, International Paper, Yokohama Tire, and Airbus Helicopters.
Aerospace, defense, and workforce development provide an equally important second pillar. Columbus Air Force Base is a major pilot-training installation that generates $647 million in annual economic impact, while Mississippi State University strengthens the market through talent development, research, and regional consumer traffic.
Broker of Record: Bang Realty of Mississippi, Inc., Lic #21543
Artesia is strategically positioned within Mississippi’s Golden Triangle, the three-county regional economy anchored by Columbus, Starkville, and West Point. The Golden Triangle region is a fast-growing manufacturing powerhouse and is home to major employers and industrial operators, including Steel Dynamics, PACCAR, Aluminum Dynamics, International Paper, Yokohama Tire, and Airbus Helicopters.
Aerospace, defense, and workforce development provide an equally important second pillar. Columbus Air Force Base is a major pilot-training installation that generates $647 million in annual economic impact, while Mississippi State University strengthens the market through talent development, research, and regional consumer traffic.
Broker of Record: Bang Realty of Mississippi, Inc., Lic #21543
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$1,254,173 CAD
Price Per SF
$137.82 CAD
Cap Rate
8.23%
NOI
$103,218 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.37 AC
Opportunity Zone
Yes
Parking
29 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 9,100 SF
- -
- Triple Net
- Jul 2032
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 Type | Lease End | |
|
|
Retailer | 9,100 SF | - | Triple Net | Jul 2032 |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 31E000002502 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $352 CAD |
Property Taxes
Parcel Number
31E000002502
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$352 CAD
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419 Lehmberge St
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