Dollar General

CVS-DG-Sublease_Page_1_Image_0002
DOLLAR GENERAL
104 Daniel Lake Blvd., Jackson, MS 39212

PRICE $1,360,000
GLA 10,908 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 6.0%
LEASE TYPE NN
LEASE EXPIRATION Dec. 2023
YEAR BUILT 1997
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OFFERING MEMORANDUM
FLYER

BRANDON HAKIMI
brandon@namdarllc.com
(516) 773-0080
DEMOGRAPHICS
Total Population
1 – mi. – 3,148
3 – mi. – 18,541
5 – mi. – 25,248
More info in the flyer

INVESTMENT HIGHLIGHTS

  • Investment Grade Credit – The lease is guaranteed by CVS Pharmacy, which carries an investment grade rating of BBB+ with a stable outlook by S&P.
  • The lease is guaranteed by CVS Pharmacy, through Mar. 2017. DG has agreed to a new lease commencing in Mar. 2017
  • New lease with DG expiring in Dec. 2023. Rent will be $81,810 annually with landlord only responsible for roof and structure
  • Relocation – Dollar General relocated from a freestanding site, three buildings to the north of the current location, to take advantage of the superior visibility of this location. The existing site is across from a Kroger grocery and Walgreens pharmacy, and has multiple ingress and egress access points
  • NN Lease – Landlord will be only responsible for the roof and structure once Dollar General’s lease commences
  • Great performing location for Dollar General
  • Location – Jackson is the capital of Mississippi and the largest city in the state. It is located south of the Yazoo River

City:Jackson
State:MS
Square Feet:10,908 SF
Price:$1,360,000
Cap Rate:6.0%

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