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Strickland Brothers 301 US 72 1,896 SF Retail Building Corinth, MS 38834 $2,047,244 ($1,079.77/SF) 6.35% Cap Rate
Investment Highlights
- Brand -New 15 - Year NNN Lease
- Rapidly Expanding Operator with Enhanced Credit Potential
- Established Retail Corridor
- Excellent Corporate Guarantee
- Institutionally Backed
- Adjacent To Fulton Crossing
Executive Summary
Surmount is pleased to present the exclusive listing for a Strickland Brothers located at 301 U.S. 72, Corinth, MS 38834. The site consists of roughly 1,896 rentable square feet of building space on an estimated .78-acre parcel of land. Strickland Brothers is subject to a 15-year Triple Net (NNN) lease, which commenced 9/16/2025. The current annual rent is $130,000 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,896 SF
Building Class
C
Year Built
1960
Price
$2,047,244
Price Per SF
$1,079.77
Cap Rate
6.35%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.78 AC
Opportunity Zone
Yes
Frontage
148’ on South Tate Street
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0801-11-1A-00900 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,293 |
Property Taxes
Parcel Number
0801-11-1A-00900
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,293
Contacts
-
Matthew Anuszkiewicz -
Edward Otocka -
Gordon Pollock -
John McHugh -
Glen Kunofsky -
Christopher Marks -
Surmount
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