Cap Rate: 6.00%
Net Operating Income: $104,000
Square Footage: 10,500
Lot Size: 1.3 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 Kiln, 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.
Kiln (pronounced “Kill”) is an unincorporated community and census-designated place (CDP) in Hancock County, Mississippi, United States. The town is located about 50 miles (80 km) northeast of New Orleans, Louisiana. It is part of the Gulfport-Biloxi Metropolitan Statistical Area. The population was 2,238 at the 2010 census.
Mississippi Highways Mississippi Highway 43 and 603 form the main road through Kiln, leading south together 4 miles (6 km) to Interstate 10 at Exit 13. Highway 43 leads northwest 20 miles (32 km) to Picayune, and Highway 603 leads north 14 miles (23 km) to Necaise. Via Interstate 10, New Orleans is 57 miles (92 km) southwest of the center of Kiln, and Biloxi is 39 miles (63 km) to the east.