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2-Unit Alliance Animal Health Portfolio 4412 Highway 15 N 3,725 SF Retail Building Laurel, MS 39440 $2,034,000 ($546.04/SF) 6.50% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Exceptional Financial Performance
- Long-term NNN Sale-Leaseback
- Strong Laurel, MS Location
Executive Summary
Surmount is pleased to present the exclusive listing for a 2-unit Alliance Animal Health portfolio located in Laurel, Mississippi. The sites consist of approximately 9,030 rentable square feet of building space on 2.65-acres of land, total. At Close of Escrow, these Alliance Animal Health sites will be subject to a new 20-year Triple Net (NNN) lease. The annual rent will be $132,210 and will have scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
3,725 SF
Building Class
C
Year Built
1983
Price
$2,034,000
Price Per SF
$546.04
Cap Rate
6.50%
NOI
$132,210
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.98 AC
Parking
32 Spaces (8.59 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 147C-13-00-043.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $41,076 |
Property Taxes
Parcel Number
147C-13-00-043.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$41,076
Contacts
-
James Westerberg -
Francis Purritano -
Walker Stevens -
Glen Kunofsky -
Christopher Marks -
Surmount
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2-Unit Alliance Animal Health Portfolio | 4412 Highway 15 N
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