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118 Highway 12 W
Starkville, MS 39759
Retail Property For Sale
Investment Highlights
- Net Leased Investment Opportunity
- Retail & Medical Mix
- SEC College Town
Executive Summary
Concord Companies is pleased to list for sale, the Three Tenant, 100% leased, shopping center positioned on the main retail drag in Starkville, MS. The tenant lineup consists of Miskelly Furniture, Baptist Memorial Hospital, and Specialty Orthopedic Group, providing a solid mix of retail and medical uses. Additionally, there are two ground leases in place, 7 Brew and a Newk's parking lease. The center is conveniently located just 1 Mile from the campus of Mississippi State University, which boasts an annual enrollment of 22,000 students + an additional 4,500 employees. Further it sits at a signalized intersection, and experiences daily traffic counts of 29,000+ vehicles. The entire center was fully renovated in 2023.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
62,303 SF
Year Built/Renovated
1992/2023
Price
$10,250,000
Price Per SF
$164.52
Cap Rate
6.85%
NOI
$701,762
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
6.33 AC
Opportunity Zone
Yes
Parking
311 Spaces (4.99 Spaces per 1,000 SF Leased)
Frontage
345’ on MS-12
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 102A-00-207.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $576,080 |
Property Taxes
Parcel Number
102A-00-207.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$576,080
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