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106 Stribling Dr 4,998 SF Retail Building Brookhaven, MS 39601 $1,375,000 ($275.11/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 7 Year NNN Lease with 2% Increases Each Year
- I 55 visibility. 100 ft I55 pylon sign. surface parking
EXECUTIVE SUMMARY
Fully occupied retail tenant with 4,856 sf and on (Lot 3C) a 1 acre site. Site has a 100 ft Interstate Pylon sign and site has Interstate 55 visibility. Sits in front of Home Depot, Honda dealership and Stribling Equipment. Built in 2015 and Renovated in 2022.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,998 SF
Building Class
B
Year Built/Renovated
2015/2022
Price
$1,375,000
Price Per SF
$275.11
Cap Rate
6%
NOI
$82,552
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
N/A
Parking
55 Spaces (10.49 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
ABOUT 106 STRIBLING DR , BROOKHAVEN, MS 39601
Fully occupied retail tenant is 4,856 sf and on (Lot 3C) a 1 acre site. The lease incorporates 2% annual rent escalations during both the base and option terms, offering investors increased overall cash flows and a substantial safeguard against inflation. Has a 100 ft Interstate Pylon sign and site has Interstate 55 visibility. Sits in front of Home Depot, Honda dealership and Stribling Equipment. Built in 2015.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | B77-14 -2 -021.07 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $154,119 |
PROPERTY TAXES
Parcel Number
B77-14 -2 -021.07
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$154,119
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106 Stribling Dr
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