Dollar General – Lake, MS — photo 1 of 4 — Dollar General – Lake, MS

Retail – Discount / GroceryLake, MSCode AMC-5913

Dollar General – Lake, MS

24300 US-80, Lake, MS 39092

Asking price

$390,515

Cap rate: 9%
NOI: $35,146
Price / SF: $49/SF

Estimate financing

Property details

Tenant: Dollar General
Property type: Retail – Discount / Grocery
Lease type: NN
Lease guarantee: Credit Rated, Corporate Guarantee
Term remaining: 1.2 yrs
Rent increases & renewal options: 7% rent increase on 1/1/2028, from $41,229 to $44,115, when the final option period starts
Building size: 8,000 SF
Lot size: 1 AC
Price per SF: $49/SF
Listing code: AMC-5913
Views: 1

Investment highlights

Dollar General has operated here since 2003 under one continuous lease, nearly 24 years
Tenant has renewed and extended the lease four separate times
7% rent increase on 1/1/2028, from $41,229 to $44,115, when the final option period starts
One 5-year option remains, running the commitment potential through 2032
Signalized hard corner on US-80 with ±3,535 VPD
Directly beside Lake High School
Low rent of $5.15/SF and an asking price under $400K ($48.81/SF)
Investment-grade tenant (NYSE: DG, S&P: BBB)
8,000 SF building on a 1-acre parcel
±45 miles (45 mins) to Jackson, MS

Sale description

AMC Real Estate Investment Services is pleased to offer for sale this Dollar General on a signalized hard corner of US-80 in Lake, MS, directly beside Lake High School. Dollar General has operated here since 2003 and has extended its lease four separate times. It is offered at $390,515, a 9.00% cap rate.

Published Nov 3, 2026. Information is provided by AMC REIS from sources believed reliable; buyers should verify all figures in the offering memorandum.

Location

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24300 US-80, Lake, MS 39092

Pin placed from the listed street address. Site boundaries and conditions are described in the offering memorandum.

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Demographics

Population and average household income by radius from the site, as marketed.

Radius from site	Population	Average income
3 Mile	1,194	$67.9k
5 Mile	2,758	$62.8k
10 Mile	16,444	$60.6k

Listing brokers

Listing broker
Angelo Iacobelli
Managing Partner
(586) 200-0044 angelo@amcreis.com
BB
Broker of record
Brian Brockman
Bang Realty of Mississippi, Inc
(513) 898-1551 bor@bangrealty.com
License 21542

Investment calculator

Model the deal with your own down payment, rate and amortization. NOI, debt service, cash-on-cash return and DSCR update instantly.

Your scenario

Purchase price

USD

Pre-filled from the asking price; adjust to model an offer.

Cap rate

NOI = price × cap rate · marketed NOI $35,146

Down payment$136,680 equity

All-cash at 100%Loan $253,835 · LTV 65%

Interest rate

% / yr

Amortization

years

Estimated returns

Equity: $136,680
Loan: $253,835

Net operating income (annual): $35,146
Monthly debt payment: $1,754
Annual debt service: $21,045
Cash flow after debt service: $14,101
Cash-on-cash return: 10.32%
Debt service coverage (DSCR): 1.67×
Price per SF: $49/SF

Discuss financing with an advisor

Estimates for Dollar General – Lake, MS only; not an offer of financing. Lender terms, closing costs, reserves and taxes vary. NNN leases shift operating expenses to the tenant, so NOI is modelled as price × cap rate.