Discount
Dollar General
1820 24th Ave, Meridian, MS 39301
Listing Price: $1,413,000
Investment Overview
2014 UPGRADED FULLY BRICK DOLLAR GENERAL
• This property is a 9,100 SF upgraded fully brick Dollar General Located in Meridian, MS.
• This store has been successfully operating at this location since September 2014.
INTERSTATE LOCATION
• This Dollar General is located 2 miles off Interstate 20 (55,000 VPD) on 24th Ave. (7,900 VPD).
STRONG NEARBY NATIONAL RETAIL
• The main retail corridor in Meridian is only 2 miles from this Dollar General.
• National Retailers include Lowe’s Home Improvement, Tractor Supply Co., Sam’s Club, ALDI, Hobby Lobby and many more.
• Uptown Meridian is 3 miles from the Dollar General which is a 650,000 SF center that offers over one hundred shopping venues, including department stores, specialty shops, restaurants, eateries, and United Artists Theatres.
• Retail is a major employer in the county, nearly $2 billion annually is spent on retail purchases in the city.
MERIDIAN
• Meridian is the 7th largest city in MS and is the county seat of Lauderdale County and the principal city of the Meridian, Mississippi Micropolitan Statistical Area.
• Meridian built an economy based on the railways and goods transported on them, and it became a strategic trading center. The city serves as a hub of employment, retail, health care, and culture activities.
• The area is also served by two military facilities, Naval Air Station Meridian and Key Field, which supply over 4,000 jobs to residents of the surrounding area.
• Meridian Regional Airport supports over 18,000 passengers annually and is home to the Mississippi Air National Guard’s 186th Air Refueling Wing.
• Home to multiple colleges and universities including Meridian Community College (3,435 Students) and Mississippi State University (7732 Students).
6 YEAR CORPORATE NNN LEASE
• There are over 6 years left on an original 15-year corporate guaranteed NNN Lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.
INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 19,000 locations and expanding by 1,000 stores each year.
• Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion
Investment Highlights
- 2014 Upgraded Fully Brick Dollar General
- Interstate Location
- Strong Nearby National Retail
- Meridian
- 6 Year Corporate NNN Lease
- Investment Grade Tenant
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,413,000
Investment Highlights
- 2014 Upgraded Fully Brick Dollar General
- Interstate Location
- Strong Nearby National Retail
- Meridian
- 6 Year Corporate NNN Lease
- Investment Grade Tenant
Investment Overview
2014 UPGRADED FULLY BRICK DOLLAR GENERAL • This property is a 9,100 SF upgraded fully brick Dollar General Located in Meridian, MS. • This store has been successfully operating at this location since September 2014. INTERSTATE LOCATION • This Dollar General is located 2 miles off Interstate 20 (55,000 VPD) on 24th Ave. (7,900 VPD). STRONG NEARBY NATIONAL RETAIL • The main retail corridor in Meridian is only 2 miles from this Dollar General. • National Retailers include Lowe’s Home Improvement, Tractor Supply Co., Sam’s Club, ALDI, Hobby Lobby and many more. • Uptown Meridian is 3 miles from the Dollar General which is a 650,000 SF center that offers over one hundred shopping venues, including department stores, specialty shops, restaurants, eateries, and United Artists Theatres. • Retail is a major employer in the county, nearly $2 billion annually is spent on retail purchases in the city. MERIDIAN • Meridian is the 7th largest city in MS and is the county seat of Lauderdale County and the principal city of the Meridian, Mississippi Micropolitan Statistical Area. • Meridian built an economy based on the railways and goods transported on them, and it became a strategic trading center. The city serves as a hub of employment, retail, health care, and culture activities. • The area is also served by two military facilities, Naval Air Station Meridian and Key Field, which supply over 4,000 jobs to residents of the surrounding area. • Meridian Regional Airport supports over 18,000 passengers annually and is home to the Mississippi Air National Guard’s 186th Air Refueling Wing. • Home to multiple colleges and universities including Meridian Community College (3,435 Students) and Mississippi State University (7732 Students). 6 YEAR CORPORATE NNN LEASE • There are over 6 years left on an original 15-year corporate guaranteed NNN Lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 19,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion
Exclusively Listed By
Broker of Record
Financing By

