Dollar General w Percentage Rent Lease

2905 Ingalls Ave
Pascagoula, MS 39567

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Dollar General w Percentage Rent Lease

General Listing / Building description

Bull Realty offers this successful, NN leased single tenant Dollar General, located in Pascagoula, MS, near the beautiful Gulf of Mexico coastline and approximately 40 miles west of Mobile. This high volume store pays significant percentage rent and boasted nearly $2M in sales for 2011, generating over $15,600 in additional landlord income. This is a 9,100 sq ft store, built in 2003, is situated on approximately /- 0.88 acres.rnrnThe property is offered at a cap rate of 8.7%, based on annual rents as of February 2013 of $44,448 and a projected percentage rent payment of $10,000 for 2012. Dollar General exercised an option to extend the initial term through January of 2018. Two 5-year renewal options remain. The lease is guaranteed by Dollar General.rn

Last updated: June 27, 2013

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