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North MS Oral & Maxillofacial Surgery 1043 S Madison St 9,076 SF Office Building Tupelo, MS 38801 $3,575,163 ($393.91/SF) 7.65% Cap Rate
Investment Highlights
- 50+ year operating history: North Mississippi Oral & Maxillofacial Surgery has served the region since 1974
- Located just off the North Mississippi Medical Center campus, the largest non-metropolitan hospital in the U.S. and anchor of the local HC District
- Built-to-suit medical facility staffed by 3+ board-certified oral and maxillofacial surgeons
- Backed by HighFive Healthcare, a fast-growing dental support organization
- Long-term NN+ lease with 12-year primary term and two (2) six-year renewal options, each carrying a 10% rent increase
Executive Summary
50+ year operating history: North Mississippi Oral & Maxillofacial Surgery has served the region since 1974, backed by HighFive Healthcare, a fast-growing dental support organization
Located just off the North Mississippi Medical Center campus, the largest non-metropolitan hospital in the U.S. and anchor of Tupelo's primary healthcare district
Long-term NN+ lease with 12-year primary term and two (2) six-year renewal options, each carrying a 10% rent increase
Build-to-suit medical facility staffed by 3+ board-certified oral and maxillofacial surgeons
Located just off the North Mississippi Medical Center campus, the largest non-metropolitan hospital in the U.S. and anchor of Tupelo's primary healthcare district
Long-term NN+ lease with 12-year primary term and two (2) six-year renewal options, each carrying a 10% rent increase
Build-to-suit medical facility staffed by 3+ board-certified oral and maxillofacial surgeons
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
9,076 SF
Building Class
A
Year Built/Renovated
1981/2005
Price
$3,575,163
Price Per SF
$393.91
Cap Rate
7.65%
NOI
$273,500
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,076 SF
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- HighFive Dental Holdco, LLC
- Health Care and Social Assistance
- 9,076 SF
- $33.05
- Double Net
- Apr 2032
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| HighFive Dental Holdco, LLC | Health Care and Social Assistance | 9,076 SF | $33.05 | Double Net | Apr 2032 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 113J-07-053-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $169,664 |
Property Taxes
Parcel Number
113J-07-053-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$169,664
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