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419 Lehmberge St 9,100 SF Retail Building Artesia, MS 39705 $909,698 ($99.97/SF) 8.23% Cap Rate

Investment Highlights

  • 6.3+ YEARS ABSOLUTE NNN - Five 5-Yr Renewal Options. 10% Rent Increase Each Option
  • #1 MANUFACTURING GROWTH REGION IN THE U.S. - Top Employers Include Steel Dynamics, International Paper, Yokohama Tires
  • NATIONAL INVESTMENT-GRADE TENANT (NYSE:DG) - $42.7B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease
  • STRATEGICALLY LOCATED WITHIN THE GOLDEN TRIANGLE - $7.25B GDP, $12B Capital Investments, 174,000 Workforce
  • NEARBY COLUMBUS AIR FORCE BASE - Top Pilot-Training Center. $647M Annual Economic Impact

Executive Summary

TOUCHSTONE COMMERCIAL PARTNERS is pleased to present the opportunity to acquire a Dollar General located in Artesia, Mississippi. This offering features an absolute triple net lease with zero landlord responsibilities. The lease extends through July 2032 and includes a five 5-year renewal option, each with a 10% rent increase.
Artesia is strategically positioned within Mississippi’s Golden Triangle, the three-county regional economy anchored by Columbus, Starkville, and West Point. The Golden Triangle region is a fast-growing manufacturing powerhouse and is home to major employers and industrial operators, including Steel Dynamics, PACCAR, Aluminum Dynamics, International Paper, Yokohama Tire, and Airbus Helicopters.
Aerospace, defense, and workforce development provide an equally important second pillar. Columbus Air Force Base is a major pilot-training installation that generates $647 million in annual economic impact, while Mississippi State University strengthens the market through talent development, research, and regional consumer traffic.
Broker of Record: Bang Realty of Mississippi, Inc., Lic #21543

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$909,698
Price Per SF
$99.97
Cap Rate
8.23%
NOI
$74,868
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.37 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
29 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
78’ on Lehmberge

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 9,100 SF
  • -
  • Triple Net
  • Jul 2032

Dollar General began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 9,100 SF - Triple Net Jul 2032

Links

1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Source: Local Logic®

Property Taxes

Parcel Number 31E000002502 Improvements Assessment $0
Land Assessment $0 Total Assessment $254

Property Taxes

Parcel Number
31E000002502
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$254
(402) 413-8527

Still interested?

Contact the broker for more information about this property

Contact

  • Andrew Vu
    Andrew Vu

  • Listing ID: 40132705

  • Date on Market: 4/13/2026

  • Last Updated:

  • Address: 419 Lehmberge St, Artesia, MS 39705

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