616 Walnut | Ripley, MS 38663
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616 Walnut
Ripley, MS 38663
DG Market | Ripley, MS | Brick Front · Retail Property For Sale
Investment Highlights
- NNN Single Tenant Investment Opportunity
- 15-Year Lease with Five (5), Five (5) Year Options
- Corporate Guarantee by Dollar General Corporation
- Located between Tupelo, MS and Memphis, TN
- 5% Rent Increases Every 5 Years During Primary Term and Options
Executive Summary
Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing DG located in Ripley, MS. The subject property has a 15-year, NNN lease with 5% rent increases every 5 years during the primary term and each option, and a rent commencement date of January 8, 2024. Ripley, MS has a population of over 5,000 residents, and it's located along Highway 15 in Tippah County. The property is located on E. Walnut street just west of Ripley, near the Pine Hill Golf & Country Club. DG Market is part of Dollar General Corporation, an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,688 SF
Building Class
C
Year Built
2024
Price
£2,278,359
Price Per SF
£180
Net Initial Yield
6.10%
NOI
£138,980
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
2.32 AC
Frontage
73 ft on West Walnut Street
PROPERTY TAXES
| Parcel Number | 3-643F-14-336.00 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £308 |
PROPERTY TAXES
Parcel Number
3-643F-14-336.00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£308
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