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3762 Highway 82 W 12,500 SF Retail Building Leland, MS 38756 $1,199,000 ($95.92/SF) 7.36% Cap Rate
Investment Highlights
- Absolute Net Lease – No landlord responsibilities
- Long term corporate tenant, TruckPro has occupied the property for 25 years
- 6.75 years remain on the current lease with two, 5-year options
- 1.5% annual rent increases
- 12,500 SF building on 5.62 acres
- The Tenant recently installed a new roof, sign, and awnings (2022)
Executive Summary
Marcus & Millichap is pleased to present the exclusive listing for a FleetPride/TruckPro located at 3762 US-82, Leland, MS 38756. The site consists of roughly 12,500 rentable square feet of building space on an estimated 5.62-acre parcel of land. FleetPride is subject to a 6.75-year Absolute Net Lease, which commenced 12/16/2000. The current annual rent is $88,229 and has scheduled annual increases of 1.50%.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,500 SF
Building Class
B
Year Built
2000
Price
$1,199,000
Price Per SF
$95.92
Cap Rate
7.36%
NOI
$88,229
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
5.62 AC
Frontage
347’ on Hwy 82 E
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 448010000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $60,747 |
Property Taxes
Parcel Number
448010000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$60,747
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3762 Highway 82 W
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