Mississippi TIC Property

This tenant-in-common property features an absolute NNN lease that leaves investors with a passive investment opportunity without the landlord responsibilities.  The base lease term runs through August 2030 and has two 5-year renewal options. Each option has a 10% rent increase. The property itself is a build-to-suit for Dollar General and is  the latest Dollar General prototype with a mix of masonry, concrete block, and steel construction. The lease is fully guaranteed by Dollar General Corporation (NYSE: DG; S&P: BBB/Stable), a company currently operating more than 12,575 stores in 43 states. On January 29, 2016, the company reported total revenues of $20.37 billion, net income of $1.17 billion and net worth in excess of 5.38 billion. The property is one of a select few retailers in the area and serves as an important, affordalbe shopping destination for the area’s surrounding population. Contact us for info on all current TIC Properties >>>