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310 S 16th Ave
Laurel, MS 39440
Good Day Farms Dispensary- Laurel, MS · Retail Property For Sale
Investment Highlights
- 7-Year NNN Lease with 2% Rental Increases Every Year
- Traffic Counts on 16th Ave 31,000 VPD and on I55 is 75,000 VPD
- High Visibility and Easy Access to Major Transportation Routes, including Interstate 55
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,856 SF
Building Class
C
Year Built/Renovated
2015/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.83 AC
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
90’ on 16th Ave
Amenities
- Signage
About 310 S 16TH AVE , LAUREL, MS 39440
Fully occupied single use tenant. The lease incorporates 2% annual rent escalations during both the base and option terms, offering investors increased overall cash flows and a substantial safeguard against inflation. .83 acre site with 50 parking space and monument sign. I55 is visible from the site. I55 traffic counts are over 75,000 VPD and 16th Ave is 31,000 VPD. Sanderson Farms is .6 miles from site and has approximately 2,000 employees, headquarters and production, and Masonite Industries is 1.8 miles from site and has approximately 600 employees. South Central Medical Center is on .33 miles away from the site and they are spending $35M on an expansion. There are 7 hotels (400 rooms)all within 1/4 mile of location.
Property Taxes
| Parcel Number | 119F-01-07-002.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $121,668 |
Property Taxes
Parcel Number
119F-01-07-002.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$121,668
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