1226 S Main St, Poplarville, MS 39470

Commercial property for lease

• Description
• Excellent opportunity to purchase a net leased Family Dollar located in Poplarville, Mississippi. Family Dollar has been at this location since the building was built in 1997 and is in the process of extending their lease an additional 5 years, showing their commitment to this location. The 8,000 SF building is situated on approximately +/-.38 acres at the intersection of Jacobs Ave and S Main Street. Family Dollar will have 6.5 years remaining on the lease term with 5 X 5-year option periods remaining. The net-leased asset is an ideal opportunity for a passive investor looking for a credit rated corporate-backed asset with an attractive low price point. The tenant has a 12.7% rent bump in the next option period and there are bumps each option. There is the opportunity for percentage rent on top of base rent. Conveniently located in Poplarville, MS near MS-26, the store is across from the Greer's grocery store and next to numerous national retailers in the area. Landlord is responsible for roof, exterior, structure, and major expenses/repairs. Tenant is responsible for interior, non structural portions. Taxes are paid by the Landlord, Tenant reimburses for increase in taxes over the year 1996. Property insurance is paid by the landlord. Tenant is responsible for any insurance increase after the year 1996. Building price details: $289,000.
• Contact info
• Harry Bell

  Berkshire Hathaway PenFed Realty Commercial
• Note

• Details Info about this row that located on 1226 S Main St, Poplarville, MS 39470 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

  If you see any error or mismatches on this page – click here.