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121 East Ave S 2,275 SF Specialty Building Offered at $220,000 at a 6.84% Cap Rate in Hollandale, MS 38748
Investment Highlights
- USPS accredited government tenant
- Lease is up for renewal in 2029 and is currently well under market. Next renewal has the opportunity of a substantive increase in rental rate
- USPS Tax Reimbursement Rider
Executive Summary
Investment Property Profile for the Hollandale, MS Main Post Office located at 121 East Ave.? S, Hollandale, MS 38748-9998 in Washington County.? This 2,002 square foot post office built in 1958 is currently leased to USPS with annual rent of $18,920/year ($9.45/sq.? ft.?) from 06/01/2024 - 05/31/2029.? The property features a Lessor Maintenance Rider and USPS Tax Reimbursement Rider.? USPS hours of operation are 8am - 12pm, 1pm - 4:30pm Monday - Friday; 8am - 10am Saturday; closed Sunday.? The nearest full-service main post office is in Leland, MS, 15 miles from Hollandale, MS.?
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $220,000 | Building Class | C |
| Price Per SF | $96.70 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,275 SF |
| Cap Rate | 6.84% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1958 |
| Property Subtype | Public Library |
| Price | $220,000 |
| Price Per SF | $96.70 |
| Sale Type | Investment |
| Cap Rate | 6.84% |
| Property Type | Specialty |
| Property Subtype | Public Library |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,275 SF |
| No. Stories | 1 |
| Year Built | 1958 |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 50022800000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,123 |
Property Taxes
Parcel Number
50022800000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,123
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121 East Ave S