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303 Medical Center Dr - Panola Medical Center 123,034 SF Health Care Building Offered at $22,109,000 at a 8% Cap Rate in Batesville, MS 38606
Investment Highlights
- 18+ Years Remaining | Annual 2% Rental Increases | Corporate Guaranty
- Adjacent to Walmart Supercenter (2M Annual Visitors) | Key Community Anchor | Ole Miss (24,000+ Students)
- Prime Interstate Access | Regional Connectivity
- Absolute NNN Lease Structure | Zero Landlord Responsibilities
- Regional Facility | Rural Healthcare Destination
- Strong Demographics Within 10-Mile Trade Area
Executive Summary
SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in an absolute NNN-leased healthcare facility located in Batesville, Mississippi. The property is leased to Progressive Medical Management of Batesville LLC, under a long-term lease with over 18 years remaining, and is backed by a corporate guaranty from Progressive Medical Enterprise LLC, part of Progressive Health Group (PHG), a privately held rural healthcare operator with 400+ employees and a network of five hospitals across Mississippi and Georgia. PHG brings deep sector expertise and operational strength, including eight successful Rural Emergency Hospital (REH) conversions. The lease includes 2% annual rental increases throughout the primary term and renewal options, supporting steady NOI growth and providing a built-in hedge against inflation. With the tenant responsible for all CAM, taxes, insurance, and maintenance, the lease offers a true management-free investment suited for passive or out-of-state ownership.
Property Facts
| Price | $22,109,000 | Lot Size | 23.70 AC |
| Price Per Bed | $197,402 | Building Size | 123,034 SF |
| Sale Type | Investment | No. Beds | 112 |
| Cap Rate | 8% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2002 |
| Property Subtype | Hospital | Parking Ratio | 1.65/1,000 SF |
| Building Class | B | ||
| Zoning | C-2 - Community Business | ||
| Price | $22,109,000 |
| Price Per Bed | $197,402 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | B |
| Lot Size | 23.70 AC |
| Building Size | 123,034 SF |
| No. Beds | 112 |
| No. Stories | 1 |
| Year Built | 2002 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | C-2 - Community Business |
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303 Medical Center Dr - Panola Medical Center
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