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2089 Southridge Dr
Tupelo, MS 38801
Hospital-Leased ASC | 3.5% Escalations | NNN · Office Property For Sale


Investment Highlights
- Hospital-operated ASC
- Off-campus surgical facility enabling lower-cost care delivery vs. inpatient settings
- Fixed 3.5% annual rent growth - Absolute NNN structure
Executive Summary
Zeustra, LLC is pleased to present the exclusive opportunity to acquire 2089 Southridge Drive, a single-tenant, hospital-leased ambulatory surgery center (ASC) located in Tupelo, Mississippi. The property is leased on an absolute triple-net (NNN) basis directly to North Mississippi Medical Center–Tupelo, the region’s dominant healthcare provider.
The lease includes a recently executed extension commencing November 1, 2025 and running through October 31, 2030, providing investors with five years of secure, contractual cash flow. The lease features 3.5% annual rent increases, offering built-in NOI growth and an effective hedge against inflation.
The property offers investors true passive income supported by AA-rated hospital credit, contractual rent growth, and mission-critical medical use. Located approximately 1.2 miles from the main hospital campus, the ASC allows the health system to efficiently migrate surgical volume to a lower-cost, outpatient setting while maintaining clinical integration and referral continuity.
Few hospital-leased assets offer this combination of AA-rated credit, absolute NNN structure, ASC tenancy, and fixed 3.5% annual rent growth, positioning 2089 Southridge Drive as a highly defensive, institutional-quality medical investment.
The lease includes a recently executed extension commencing November 1, 2025 and running through October 31, 2030, providing investors with five years of secure, contractual cash flow. The lease features 3.5% annual rent increases, offering built-in NOI growth and an effective hedge against inflation.
The property offers investors true passive income supported by AA-rated hospital credit, contractual rent growth, and mission-critical medical use. Located approximately 1.2 miles from the main hospital campus, the ASC allows the health system to efficiently migrate surgical volume to a lower-cost, outpatient setting while maintaining clinical integration and referral continuity.
Few hospital-leased assets offer this combination of AA-rated credit, absolute NNN structure, ASC tenancy, and fixed 3.5% annual rent growth, positioning 2089 Southridge Drive as a highly defensive, institutional-quality medical investment.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
11,031 SF
Building Class
B
Year Built
2011
NOI
$249,408
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,031 SF
Building FAR
0.24
Lot Size
1.05 AC
Parking
46 Spaces (4.17 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 101R-12-128-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $165,287 |
Property Taxes
Parcel Number
101R-12-128-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$165,287
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