2300 N Hills St | Meridian, MS 39305
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- LoopNet Team
2300 N Hills St
Meridian, MS 39305
Abs NNN Dental Office | 7.50% Cap | 7 Years · Office Property For Sale
INVESTMENT HIGHLIGHTS
- This offering provides a very rare opportunity to acquire a passive absolute net lease with 2% annual rental escalators.
- Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
- The property sees over 16,000 cars per day and sits within an area that is home to dozens of other retail and medical office tenants.
- The tenant is a regional conglomerate of Kids Dental Brands which has a network of 45 dental offices across AZ, TX, MS, MO, NC, VA and OH.
- At just $16/SF in rent and $216/SF in price, the property is priced below replacement cost.
- Kids Dental Brands signed a 12-year lease at the location in 2020, demonstrating a commitment to this location and providing confidence.
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
1990
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,000 SF
Building FAR
0.20
Lot Size
0.69 AC
Zoning
C-1 - Commercial
PROPERTY TAXES
| Parcel Number | 139-31-2-0000-000-01210 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $88,324 |
PROPERTY TAXES
Parcel Number
139-31-2-0000-000-01210
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$88,324
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