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65 Sturgis West Point Rd

10,640 SF Retail Building Sturgis, MS 39769 £1,160,477 (£109/SF) 7.30% Net Initial Yield

Investment Highlights

  • Built to Suit Construction for Dollar General
  • Average household income of $100,635, considered to be a ideal for Dollar General
  • Five, 5-year options, all of which include a 10% rent increase
  • Limited competition- there is no other discount retailer in Sturgis

Executive Summary

Extremely strong corporately guaranteed lease. Dollar General boasts an investment grade credit rating of BBB (S&P). Dollar General has ±19,500 locations and plans to continue their expansion for the foreseeable future. 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 a market cap of ±$30 billion.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Year Built
2022
Price
£1,160,477
Price Per SF
£109
Net Initial Yield
7.30%
NOI
£84,715
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Lot Size
1.49 AC
Zoning
C - Commercial

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - -

Links

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PROPERTY TAXES

Parcel Number 012M-00-009.00 Improvements Assessment £0
Land Assessment £0 Total Assessment £587

PROPERTY TAXES

Parcel Number
012M-00-009.00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£587
(214) 692-2927

Contacts

  • Listing ID: 32078480

  • Date on Market: 10/06/2024

  • Last Updated:

  • Address: 65 Sturgis West Point Rd, Sturgis, MS 39769

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© 2024 CoStar Group

65 Sturgis West Point Rd
(214) 692-2927 x

65 Sturgis West Point Rd

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Scotty Latimer

(214) 692-2927

(214) 692-2927

Brett Baumgartner

(281) 757-2709

(281) 757-2709

Josh Bishop

(214) 692-2289

(214) 692-2289

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