O’Reilly Auto, Dollar General Center

4305 8th St., Meridian, MS
Deal Type:
Net Lease
Price:
$1,612,450
Cap Rate:
7.00%
Current Rent:
$112,871*
Renewal Options:
Three - 5 year options
Building Sq. Ft.:
30,531 SF
Site Size:
2.2 Acres

Investment Highlights

  • 80% of GLA and 78% of NOI is investment grade credit
  • The asset is priced below replacement cost
  • Vacancy and below market rents provide an upside/value add opportunity
  • Long term tenancy with recently extended O’Reilly Auto Parts lease and Dollar General recently signed a new 10 year term
  • The site is located on the main thoroughfare through the city of Meridian with convenient access to Meridian Community College and Hwy 19 (24,560 vpd)
  • The area is home to two military facilities, Naval Air Station Meridian and Key Field, which together employ over 4,000 people. Additional employers in the region include: Rush Health Systems, Anderson Regional Health System and East Mississippi State Hospital, employing over 5,100 people.

Listing Agents

Adam English

Managing Director
256 694 9803
adam@stream-cp.com

Jordan Williams

Senior Associate
205 209 5671
Jwilliams@stream-cp.com

In Association with ParaSell, Inc. | A Licensed Mississippi Broker #23345

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