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4793 Poticaw Bayou Rd 10,566 SF Retail Building Vancleave, MS 39565 $3,010,436 CAD ($284.92 CAD/SF) 7.05% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Dollar General boasts an investment grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
  • Dollar General has ±19,600 locations and plans to continue their expansion for the foreseeable future
  • Dollar General has a market cap of ±$30 billion

EXECUTIVE SUMMARY

2024 Built to Suit Construction for Dollar General. Larger ±10,566 square foot prototype. 5% increases every 5 years in the base term, providing an excellent hedge against inflation. Extremely strong corporately guaranteed lease. Less than ±20 miles north of Biloxi, MS. 10 mile population in excess of 41,287 residents. Healthy average household income of $118,194.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
10,566 SF
Building Class
C
Year Built
2024
Price
$3,010,436 CAD
Price Per SF
$284.92 CAD
Cap Rate
7.05%
NOI
$212,236 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.96 AC
Zoning
C - Commercial
Parking
14 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
90’ on Kenneth Cole Road

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0-23-09-550.000
Land Assessment
$6,751 CAD
Improvements Assessment
$30,064 CAD
Total Assessment
$36,815 CAD
  • Listing ID: 32746981

  • Date on Market: 2024-08-09

  • Last Updated:

  • Address: 4793 Poticaw Bayou Rd, Vancleave, MS 39565

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