$399,000
Guntown, MS 38849
MLS# 25-977
8200 sqft
1 / 17
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.
Details
Documents
General Property Description
Lot Dimensions: 1.00 acre +/-
Building Size: 8200
Lot Acres: 1
Total SqFt.: 8200
Location, Tax and Other Information
Realtor.COM Type: Commercial
Flood Zone: No
Heat
Central: 1
Air
Central Air: 1
Contract Information
Current Price: $399,000
Begin Date: 2025-05-12
Status: Active
List Price: $399,000
Location Tax and Other Information
Area: 10 - Other Mississippi Areas
House Number: 107
Street Dir Prefix: N
Street Name: Lee Dr
State/Province: MS
Postal Code: 38849
County: Lee
Taxes: 9713.45
Tax Year: 2025
Parcel Number: 025U-21-006-33
Property Features
Heat: Central
Air: Central Air
Property card 
Listing Office: FARMER COMMERCIAL PROPERTIES
Last Updated: February - 24 - 2026
This data is provided by the Golden Triangle Association of Realtors Multiple Listing Service and may not be the listing of the provider. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.