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$ 449,142
Est. payment /mo
Active
107 N Lee Dr Guntown, MS 38849
8,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,200 sqft
Price per Sqft $54
MLS Listing ID 25-977
Annual Tax Amount $9,450
Tax Year 2024
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 1.00 acre +/-
Source Golden Triangle Association of REALTORS®
Land Area 8200
Property Description
Dollar General - Guntown, MS. Brand new roof with 20-year warranty just installed March 2025! Investment opportunity being offered at $449,142, with a cap rate of 7percent. The 8,200 square foot+/- property is situated on 1.00 acre+/-, built in 2002. Dollar General extended their lease through 11/30/2027, and currently pays $2,620 per month, plus an additional $150 is paid each month to the owner for parking lot maintenance. This established DG has two five-year extension options remaining, each with a rent increase. Property taxes and insurance are paid by tenant. Maintenance duties are shared between landlord and tenant. Great metal building with visibility from Highway 45! Located in thriving Lee County, and just 11 miles north of Tupelo.
Location
State MS
County Lee
Area 10 - Other Mississippi Areas
Zoning C-1
Interior
Heating Central
Cooling Central Air
Heat Source Central
Exterior
Garage No
Others
Senior Community No
Tax ID 025U-21-006-33
Listed by FARMER COMMERCIAL PROPERTIES
MICHELLE MCGILL
Top-Producing Realtor® | The McGill Group | Real Broker | License ID: S56983
+1(662) 251-7417 | michellemcgill@themcgillgroup.ms