3762 Highway 82 W 12,500 SF Retail Building Leland, MS 38756 $1,102,864 ($88.23/SF) 8% Cap Rate

TruckPro is a single-tenant net lease investment located at 3762 Highway 82 W in Leland, Mississippi. The property consists of a freestanding retail building occupied by TruckPro, a distributor of heavy-duty truck and trailer parts serving commercial transportation customers. The tenant has operated from this location since approximately 2000 and executed a new 10-year lease in 2022, providing a remaining lease term of more than six years at the time of the offering. Annual rent escalations of 1.5% provide built-in income growth throughout the lease term, and the lease includes two additional five-year renewal options.
The asset benefits from an Absolute NNN lease structure, under which the tenant is responsible for real estate taxes, insurance, common area maintenance, utilities, and other operating expenses. This structure minimizes landlord obligations and supports a predictable income stream. The property's location along U.S. Highway 82 places it on one of the area's primary transportation corridors, with reported traffic volumes exceeding 18,000 vehicles per day. The site is positioned between Leland and Greenville, providing access to the broader Mississippi Delta region and serving businesses connected to trucking, transportation, agriculture, and industrial activity.
Surrounding commercial uses include diesel service, tire, and motor sports businesses that complement TruckPro's customer base. The combination of long-term tenancy, contractual rent growth, limited landlord responsibilities, and highway-oriented visibility positions the property as a stabilized single-tenant investment opportunity within a transportation-focused trade area.