Family Dollar - Marks. MS

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in an 8,000 square foot freestanding, new construction single-tenant Family Dollar located 713 M.L.K. Jr Drive (also known as State Road 3) in Marks, MS (“Property” or “Asset”). The Asset is 100% leased to Family Dollar (“Family Dollar” or “Tenant”) with approximately 4.4 years remaining on the primary lease term. The Asset features three, five-year renewal options. The Property is also one of three stores in the town that provides food and convenience items to the surrounding community.

The Property is situated along Marks’ main retail corridor, State Road 3 (known as MLK Jr Dr), with access to 15,000 vehicles per day. The Property is also surrounded by various schools and academies, including Quitman’s School Districts and Madison S Palmer High School, with over 1,000 students enrolled annually. Along the corridor, there is also three major employers, GreenPoint Ag, Republic Services, and U.S. Army Corps of Engineers. The Asset is proximate to the regional airport, Selfs Airport.

Marks, Mississippi, a small city in Quitman County, combines rural charm with economic potential. The city, served by the Quitman County School District, relies primarily on agriculture and small businesses, with cotton and soybeans as key crops. Its proximity to Memphis, which is only 75 miles north, offers additional job opportunities for the residents in this region.

The Property has been operating at the location for over 24 years, provides significantly below market rent, a good basis, and a strong sales. This unique opportunity allows investors the ability to acquire a retail asset with below market rent a secure, long-term cash flow backed by an investment grade tenant, along with the potential upside of capturing additional revenue through the percentage rent.