Dollar General for Sale in Forest, MS
Forest, MS
Key Investment Metrics
Price
$1,207,472
Cap Rate
7.5%
Net Operating Income
$90,560
Building Size
9100 SF
Land Area
1.75 Acres
Remaining Term
9 years
Lease Expiration
05/31/2035
Lease Term
15 years
Lease Commencement
05/28/2020
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2020
Occupancy
100%
Tenancy
Single
Rent Increases
10% rental increases in options
Property overview
Dollar General in Forest
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,100 SF
- Land area
- 1.75 acres
- Year built
- 2020
- Lease type
- Absolute NNN
- Lease expiration
- 05/31/2035
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.