107 N Lee Dr, Guntown, MS 38849

Property Description

LEASE EXTENDED UNTIL NOV 30, 2032! AS OF FEBRUARY 2026, THERE ARE SIX YEARS & 9 MONTHS OF TERM REMAINING WITH AN INCREASE OF RENT STARTING 12/1/2027! STORE RECENTLY REMODELED! Brand new gleaming TPO roof with 20-year warranty just installed March 2025! Investment opportunity being offered at $399,000, with a current cap rate of 7.9, increasing to 8.65 on 12/1/2027. The 8,200 square foot+/ property is situated on 1.00 acre+/-, built in 2002. DG currently pays $2,620 per month, plus an additional $150 is paid ea. month to the owner for parking lot maintenance. Total Of $2,770 incoming per month currently. Rent increases to $2,875 starting 12/1/2027 in the exercised lease renewal term for five years. $2875 rent + $150 addl. fee, will be $3,025 incoming monthly from 12/1/27 - 11/30/2032.

Property Features