Dollar General Market 39240 Highway 82 11 548 pi² Commerce de détail Immeuble Itta Bena, MS 38941 1 809 893 $ CAD (156,73 $ CAD/pi²) 7,25% Taux de capitalisation

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General Market property located in Itta Bena, Mississippi. Successfully operating since 2009, the store was upgraded to a DG Market in 2021, featuring a larger footprint with an expanded selection of groceries and perishables. After completing the renovations, Dollar General signed a new long-term lease extending through 2036. The lease is absolute triple net (NNN), requiring no landlord responsibilities. It includes four 5-year renewal options with 10% rent increases at the start of each. DG Market locations feature a larger and more desirable store footprint and offer a selection of groceries and perishable items. Dollar General, an investment-grade tenant, holds a “BBB” credit rating from Standard & Poor’s.
The 11,548-square foot property is strategically located at a signalized intersection on US Highway 82, with over 8,400 vehicles passing daily. Its proximity to Mississippi Valley State University, with 2,200 enrolled students, provides a built-in customer base for the DG Market store. Limited competition exists in the area, as the nearest Walmart Supercenter is over seven miles east. Within a ten-mile radius, 18,500 residents live with an average household income of $62,000.
Dollar General Corporation (NYSE: DG), headquartered in Goodlettsville, Tennessee, is a leading American discount retailer with a vast network of over 20,000 stores across 48 U.S. states and Mexico as of early 2024. Founded in 1939, the company has established itself as a cornerstone in rural and underserved communities by offering a broad assortment of affordable products, including household essentials, food, health and beauty aids, apparel, and seasonal items. Dollar General’s expansive retail footprint is supported by a robust distribution network, ensuring efficient product delivery and inventory management.