Cap Rate: 6.50%
Net Operating Income: $81,720
Square Footage: 12,510
Lot Size: 1.94 AC
The Kase Group is pleased to offer the opportunity to acquire the 100% fee simple interest in a net leased Family Dollar | Dollar Tree new concept store. This building is being renovated as the latest dual branded format store offering both Family Dollar/Dollar Tree merchandise. This 12,510 square foot hybrid store, in DeKalb, Mississippi has a 10-year lease which commences in October of 2021. The 100% fee simple interest in the underlying land and building is being offered. The tenant has six five-year options to renew with increases in rent during the option periods.
DeKalb is a town in and the county seat of Kemper County, Mississippi, United States. The population was 1,164 at the 2010 census. DeKalb is named after General Johann de Kalb, a Franconian-French military officer who served as a major general in the Continental Army during the American Revolutionary War.