Dollar General

839 East Main Avenue, Lumberton, MS 39455

$551,250

Cap Rate 8.00%

Views: 107 DOM: 228 Updated: 08.06.24 Posted: 05.08.24 Status: Active

Summary

Price $551,250	Built/Renov 2002	Tenant Dollar General
Cap Rate 8.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 8,303	Lease Start 03-01-2002	#Units 19,986
Price/SF $66.39	Expiration 02-28-2027	Tenant Type Dollar/Discount
NOI $44,100	R. Term 2.2	Ownership Fee Simple
Rent/SF $5.31	Increases 10.0%/3/yrs	Pop 5Mi 3,855
Lot/AC 1.20	Options 2/5yrs/10%	AHHI 5Mi $53,271

Ayson Shammami

ENCORE Real Estate Investment Services

Contact

Lease Highlights

Dollar General has been operating in this location since 2002
The tenant has 2+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 10% rental escalations at the start of each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on East Main Street and in close proximity to Interstate 59. The property is near well-known national tenants including Piggly Wiggly and Ace Hardware. The 5-mile trade area is supported by a population of 3,855 residents with an average household income of $53,271. Lumberton is a city located in both Lamar and Pearl River counties in Mississippi. It is...

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Key Features

Build to suit
In location for years
Near major nationals
Strategically located
Freeway close
Long operation history
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Lumberton, Mississippi Zip Code 39455 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	340	2,471	3,724
2023 Total Population :	339	2,320	3,553
2023 Employed Civilian Pop :	116	716	1,159
2023 Total Businesses :	8	66	75
2023 Average Household Income :	$ 78,950	$ 57,014	$ 58,558
2023 Total Consumer Spending :	$ 10 M	$ 49 M	$ 79 M
2023 Median Age :	41	39	40
2023 Total Households :	152	965	1,498
2023 Pop Age 25+: Bachelor's Degree :	14	119	208
2023 Average Home Value :	$ 129,873	$ 123,544	$ 120,923

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
East Main Street	Old Hwy 11	2018	2,800	0.36 mi
East Main Avenue	Charles Walters St	2021	3,500	0.36 mi
East Main Avenue	Landrum Cemetery Rd	2021	3,300	0.49 mi
	E Main Ave	2021	420	0.65 mi
	I- 59	2021	400	0.71 mi
	E Main Ave	2021	670	0.72 mi
	Hwy 13	2021	690	0.77 mi
	E Main Ave	2021	17,000	0.95 mi
East Main Avenue	Pine St	2021	3,900	0.99 mi
I- 59	E Main Ave	2006	14,000	1.03 mi

Listing Broker

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