Family Dollar/Dollar Tree | 420 Archusa ave
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Family Dollar/Dollar Tree 420 Archusa ave
10,500 SF Retail Building Quitman, MS 39355 £1,356,142 (£129/SF) 7.50% Net Initial Yield
Investment Highlights
- New 10 Year Net Leased Family Dollar
- Minimal Landlord Obligations
- Additional Income from Billboard on Property
- Brand New Hybrid Store Concept
- Corporate Guarantee
- New Construction
Executive Summary
This is the opportunity to purchase a newly constructed 10 year net leased
Family Dollar in Quitman, Mississippi. The lease calls for minimal landlord
obligations. The tenant has four, 5-year options to renew with scheduled
increases in rent at each option. This building is the latest dual branded
format store offering both Family Dollar/Dollar Tree merchandise with a
projected opening in late Q4 2023. The site is well located along Mississippi
Highway 145 with excellent ingress & egress points and exposure to 8,954
vehicles per day from nearby roads. The store also benefits from its close
proximity to national retailers including Hardee's, Ace Hardware, McDonald's,
Advance Auto Parts, Hammack Drug Store, First State Bank and more.
In Association with ParaSell, Inc. | A Licensed Mississippi Broker #23372
Family Dollar in Quitman, Mississippi. The lease calls for minimal landlord
obligations. The tenant has four, 5-year options to renew with scheduled
increases in rent at each option. This building is the latest dual branded
format store offering both Family Dollar/Dollar Tree merchandise with a
projected opening in late Q4 2023. The site is well located along Mississippi
Highway 145 with excellent ingress & egress points and exposure to 8,954
vehicles per day from nearby roads. The store also benefits from its close
proximity to national retailers including Hardee's, Ace Hardware, McDonald's,
Advance Auto Parts, Hammack Drug Store, First State Bank and more.
In Association with ParaSell, Inc. | A Licensed Mississippi Broker #23372
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Year Built
2023
Price
£1,356,142
Price Per SF
£129
Net Initial Yield
7.50%
NOI
£101,711
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Land Acres
1.02 AC
PROPERTY TAXES
| Parcel Number | 099A-02-08-003.00 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £6,312 |
PROPERTY TAXES
Parcel Number
099A-02-08-003.00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£6,312
-
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Family Dollar/Dollar Tree | 420 Archusa ave
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