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616 Walnut
Ripley, MS 38663

DG Market | Ripley, MS | Brick Front · Retail Property For Sale

Investment Highlights

  • NNN Single Tenant Investment Opportunity
  • 15-Year Lease with Five (5), Five (5) Year Options
  • Corporate Guarantee by Dollar General Corporation
  • Located between Tupelo, MS and Memphis, TN
  • 5% Rent Increases Every 5 Years During Primary Term and Options

Executive Summary

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing DG located in Ripley, MS. The subject property has a 15-year, NNN lease with 5% rent increases every 5 years during the primary term and each option, and a rent commencement date of January 8, 2024. Ripley, MS has a population of over 5,000 residents, and it's located along Highway 15 in Tippah County. The property is located on E. Walnut street just west of Ripley, near the Pine Hill Golf & Country Club. DG Market is part of Dollar General Corporation, an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,688 SF
Building Class
C
Year Built
2024
Price
$4,093,298 CAD
Price Per SF
$323 CAD
Cap Rate
6.10%
NOI
$249,691 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.32 AC
Frontage
73 ft on West Walnut Street

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3-643F-14-336.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$545 CAD
  • Listing ID: 29419789

  • Date on Market: 2023-09-01

  • Last Updated:

  • Address: 616 Walnut, Ripley, MS 38663

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