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214 W Bankhead St
New Albany, MS 38652
Napa Center · Retail Property For Sale
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.
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.
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
Property Taxes
| Parcel Number | 032N-08-040.09 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $66,760 |
Property Taxes
Parcel Number
032N-08-040.09
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$66,760
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