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151 E Commerce St 2,016 SF Retail Building Hernando, MS 38632 $1,745,455 ($865.80/SF) 5.50% Cap Rate
Executive Summary
Brand-new 2024 Dunkin’ drive-thru in Hernando, MS, on busy East Commerce Street near I-55 and Kroger. 15-year NNN lease to the nation’s largest coffee and donut brand with 10% rent increases every 5 years after 10 years. Operated by a 45+ unit franchisee with 15+ years of experience. High-visibility location surrounded by national retailers (Walmart, Starbucks, Walgreens, Sonic). Strong 5-mile demographics with $98K+ average income and growing population.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,016 SF
Building Class
C
Year Built
2024
Price
$1,745,455
Price Per SF
$865.80
Cap Rate
5.50%
NOI
$96,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.36 AC
Parking
10 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
99’ on Commerce St
Amenities
- Signage
Nearby Major Retailers
1 of 3
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151 E Commerce St
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