Cap Rate: 6.00%
Total Net Operating Income: $110,250
Square Footage: 10,500
Lot Size: 2.53 AC
Year Built 2021
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 built with the latest dual branded format store offering both Family Dollar/Dollar Tree merchandise. This 10,500 square foot hybrid store, in Lucedale, Mississippi has a 10-year lease. 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.
Lucedale is a city in George County, Mississippi, United States. It is part of the Pascagoula, Mississippi Metropolitan Statistical Area. Lucedale was founded in 1901 when Governor A.H. Longino signed his name and his seal to the proclamation. It was named after its founder, Gregory Marston Luce, who operated a lumber business there. The population was 2,923 at the 2010 census, up from 2,458 at the 2000 census. It is the county seat of George County.