Price: $1,615,385
Cap Rate: 6.50%
NOI: $105,000
Building Size: 10,500
Lot Size: 1.28
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 as the latest dual branded format store offering both Family Dollar/Dollar Tree merchandise. This 10,500 square foot hybrid store, in Vaiden, Mississippi has a 10-year lease which commences in September 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 5% increases in rent during the option periods.
Vaiden is a town in Carroll County, Mississippi, United States and its first county seat. It is part of the Greenwood, Mississippi micropolitan area.
U.S. Route 51 passes through the center of town, leading north 11 miles (18 km) to Winona and south 19 miles (31 km) to Durant. The town extends west to include the area around Exit 174 on Interstate 55, which leads north 31 miles (50 km) to Grenada and south 79 miles (127 km) to Jackson.
