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Napa Center 214 W Bankhead St 8,000 SF 100% Leased Retail Building New Albany, MS 38652 $1,215,000 ($151.88/SF) 7.85% Cap Rate

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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

This well-positioned neighborhood strip center is located in a strong retail corridor of New Albany, Mississippi, offering excellent visibility, steady daily traffic, and reliable corporate tenancy. The center is anchored by a corporate NAPA Auto Parts store, providing a stable national credit tenant that consistently attracts repeat customers and drives traffic to the surrounding businesses.
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

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built/Renovated
2000/2019
Price
$1,215,000
Price Per SF
$151.88
Cap Rate
7.85%
NOI
$95,335
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.16 AC
Parking
50 Spaces (4.22 Spaces per 1,000 SF Leased)
Frontage
150’ on W Bankhead

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

NAPA Auto Parts, founded in 1925, is a leading distributor of automotive replacement parts and accessories in North America. Headquartered in Atlanta, Georgia, the company operates under the Genuine Parts Company umbrella and serves both professional repair shops and individual consumers. NAPA’s extensive product line includes brakes, batteries, filters, belts, and other essential automotive components. With thousands of retail locations and distribution centers across the United States, including Pennsylvania, NAPA ensures rapid availability of parts and technical expertise for customers. The company is recognized for its strong supply chain and commitment to quality, supporting a wide range of vehicles from passenger cars to heavy-duty trucks. NAPA Auto Parts remains a key player in the automotive aftermarket industry and continues to expand its services to meet evolving customer needs.

  • 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

Regions Bank
Ww (weight Watchers)
Renasant Bank
Piggly Wiggly
Zaxby's
1st Heritage Credit
Huddle House
Waffle House
McAlister's Deli
Cracker Barrel Old Country Store

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
032N-08-040.09
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$66,760
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 38626285

  • Date on Market: 12/2/2025

  • Last Updated:

  • Address: 214 W Bankhead St, New Albany, MS 38652

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