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Napa Center 214 W Bankhead St 11,848 SF 100% Leased Retail Building New Albany, MS 38652 $1,215,000 ($102.55/SF) 7.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Mix of National, regional, and local tenants
- Excellent investment opportunity wilh low vacany rates
- Strong tenant mix providing Diverse customer base
EXECUTIVE SUMMARY
Additional tenants include:
• Patterson Food Sevice – A locally popular retailer contributing to consistent foot traffic and community presence.
• Drayer Physical Therapy – A well-established regional physical therapy provider, adding medical-service stability and drawing steady daytime consumer activity.
The property features convenient front-door parking, strong curb appeal, and a layout ideal for service-oriented and destination tenants. With its blend of national credit, medical, and local tenancy, this strip center offers a diversified, low-vacancy investment profile in one of New Albany’s most active commercial areas.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Drayer Physical Therapy
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
In 1925, a group of independent auto parts sellers met in Detroit to form the National Automotive Parts Association. Their mission was simple: Improve the distribution of auto parts to serve the people and businesses who increasingly relied on cars and trucks for their transportation needs. NAPA stores and warehouses, which were owned by a variety of member companies at the time, quickly became the go-to sources for parts. Carlyle Fraser, founder of Genuine Parts Company, served as a key NAPA contributor in its early years. Across the decades, Genuine Parts began to acquire the other NAPA member companies, and in 2012 became the last remaining member of NAPA, a brand with a reputation for quality parts, rapid availability, and knowledgeable people. Today, the NAPA Network offers hundreds of thousands of unique parts, distributed across many distribution centers, thousands of NAPA Auto Parts stores and even more NAPA Auto Care centers throughout the United States.
- Patterson Foods
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Drayer Physical Therapy | - | 99,999 SF | $9.99 | Lorem Ipsum | - | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Patterson Foods | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 032N-08-040.09 | Total Assessment | $66,760 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Presented by
Napa Center | 214 W Bankhead St
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