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Dollar General | Jackson, MS | Early Lease Extension | 19+ Year Historical Occupancy | Hard Corner

104 Daniel Lake Blvd, Jackson, MS 39212

Listing Price: $1,168,714

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
7.3
Gross SF
10,908
Guarantor
Corporate Guarantee
Rentable SF
10,908
Price/Gross SF
$107.14
Lease Type
Double Net
Rent Per Square Feet
$7.50

Investment Overview

Jackson, officially the City of Jackson, is the capital and most populous city of the U.S. State of Mississippi. It is one of two county seats of Hinds County, along with Raymond, Mississippi. Jackson is the anchor for the Jackson, Mississippi Metropolitan Statistical Area. It is the state’s 2nd largest metropolitan area, because four counties in northern Mississippi are part of the Memphis metropolitan area. With a 2019 population estimated at 595,000, metropolitan Jackson is home to about one-fifth of Mississippi’s population. Jackson is home to several major industries. These include electrical equipment and machinery, processed food, and primary and fabricated metal products. The surrounding area supports agricultural development of livestock, soybeans, cotton, and poultry.

Investment Highlights

  • 19+ Year Historical Occupancy and Early Lease Extension Demonstrates a Strong Commitment to the Location. Lease Features Favorable Rental Increases in 2024 and Each Option. Below Market Rent.
  • Ranked #112 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $33.74 Billion.
  • Bedroom Community of Jackson, Mississippi - Rare and Strong Demographics for any Dollar General: Features more than 82k People Residing within a 5-Mile Radius.
  • Signalized Hard Corner Location - Features Easy Access & Excellent Visibility with Three Separate Access Points w/ Combined Daily Traffic Counts Exceeding 19k Vehicles. Near US-55 (59k+ VPD). Located Directly Across from a Walgreens.
  • In Close Proximity to Jackson State University - One of the Largest HBCUs in the U.S. and the Fourth Largest University in Mississippi with a Total Enrollment of more than 10k Students.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Discount

Dollar General | Jackson, MS | Early Lease Extension | 19+ Year Historical Occupancy | Hard Corner

Listing Price: $1,168,714

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
7.3
Gross SF
10,908
Guarantor
Corporate Guarantee
Rentable SF
10,908
Price/Gross SF
$107.14
Lease Type
Double Net
Rent Per Square Feet
$7.50

Investment Highlights

  • 19+ Year Historical Occupancy and Early Lease Extension Demonstrates a Strong Commitment to the Location. Lease Features Favorable Rental Increases in 2024 and Each Option. Below Market Rent.
  • Ranked #112 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $33.74 Billion.
  • Bedroom Community of Jackson, Mississippi - Rare and Strong Demographics for any Dollar General: Features more than 82k People Residing within a 5-Mile Radius.
  • Signalized Hard Corner Location - Features Easy Access & Excellent Visibility with Three Separate Access Points w/ Combined Daily Traffic Counts Exceeding 19k Vehicles. Near US-55 (59k+ VPD). Located Directly Across from a Walgreens.
  • In Close Proximity to Jackson State University - One of the Largest HBCUs in the U.S. and the Fourth Largest University in Mississippi with a Total Enrollment of more than 10k Students.

Investment Overview

Jackson, officially the City of Jackson, is the capital and most populous city of the U.S. State of Mississippi. It is one of two county seats of Hinds County, along with Raymond, Mississippi. Jackson is the anchor for the Jackson, Mississippi Metropolitan Statistical Area. It is the state’s 2nd largest metropolitan area, because four counties in northern Mississippi are part of the Memphis metropolitan area. With a 2019 population estimated at 595,000, metropolitan Jackson is home to about one-fifth of Mississippi’s population. Jackson is home to several major industries. These include electrical equipment and machinery, processed food, and primary and fabricated metal products. The surrounding area supports agricultural development of livestock, soybeans, cotton, and poultry.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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