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The Citizens Bank | Carthage, MS 301 W Main St 5,162 SF Retail Building Carthage, MS 39051 $1,835,378 ($355.56/SF) 6.75% Cap Rate
Investment Highlights
- Long-Term Investment Opportunity: 12 Year Initial Term with Absolute NNN Lease Structure and Corporate Guarantee
- The bank is an insured member of the FDIC
- Prime downtown Carthage location: Centrally positioned in the markets core commercial district, with excellent visibility & access via major highways
- Established Tenant: Sale-leaseback to a top 200 regional community bank with reported assets exceeding $1.4 billion & a history spanning over 100 yrs
- Corporate Guarantee: Lease Guarantee from the banks publicly traded holding company the Citizens Holding Company (OTCQX: CIZN)
- This branch serves a steady rural market anchored by agriculture, large-scale poultry processing, and essential services
Executive Summary
Randall Commercial Group, LLC is pleased to present an exceptional sale-leaseback opportunity in
Carthage, MS. The property will be leased back to The Citizens Bank of Philadelphia—a wellestablished Mississippi-based community bank founded in 1908 with multiple branches statewide— under a new 12-year absolute NNN lease commencing at closing, featuring 2% annual rent increases and five, 5-year renewal options. Situated at 301 West Main Street in the heart of downtown Carthage, the branch enjoys prominent visibility and accessibility along a central commercial corridor in Leake County's county seat and primary community hub. Carthage benefits from strong regional connectivity via intersecting major highways supporting steady traffic. The location serves a stable local economy driven by agriculture, manufacturing, health care, construction, and finance sectors, positioning the branch well in this vital central MS market.
Carthage, MS. The property will be leased back to The Citizens Bank of Philadelphia—a wellestablished Mississippi-based community bank founded in 1908 with multiple branches statewide— under a new 12-year absolute NNN lease commencing at closing, featuring 2% annual rent increases and five, 5-year renewal options. Situated at 301 West Main Street in the heart of downtown Carthage, the branch enjoys prominent visibility and accessibility along a central commercial corridor in Leake County's county seat and primary community hub. Carthage benefits from strong regional connectivity via intersecting major highways supporting steady traffic. The location serves a stable local economy driven by agriculture, manufacturing, health care, construction, and finance sectors, positioning the branch well in this vital central MS market.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
5,162 SF
Building Class
C
Year Built
2000
Price
$1,835,378
Price Per SF
$355.56
Cap Rate
6.75%
NOI
$123,888
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.46 AC
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $195,840 | |
| Land Assessment | $28,520 | Total Assessment | $224,360 |
Property Taxes
Parcel Numbers
Land Assessment
$28,520
Improvements Assessment
$195,840
Total Assessment
$224,360
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The Citizens Bank | Carthage, MS | 301 W Main St
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