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Building 1 506 Highway 16 W 3,825 SF Office Building Carthage, MS 39051 $635,000 ($166.01/SF) 8.58% Cap Rate



Executive Summary
Rare opportunity to acquire a stabilized, income-producing asset leased to the United States Department of Agriculture (USDA) in Carthage, Mississippi. This property offers secure, government-backed income with minimal management responsibility.
The lease is backed by the U.S. Government, providing one of the strongest credit profiles available in commercial real estate. With in-place income and a strong yield, this asset is ideal for investors seeking predictable cash flow and long-term stability.
Investment Highlights:
Purchase Price: $635,000
Cap Rate: 8.58%
Annual Rent: $76,500 ($6,375/month)
Tenant: U.S. Government (USDA – Service Center)
Building Size: ±3,825 SF
Lease Structure: Government lease with defined terms and extensions
Credit Quality: Investment-grade tenancy (U.S. Government)
Management: Passive, low-maintenance investment
Strategically positioned in Carthage, this property serves as a regional USDA hub, supporting long-term occupancy and tenant stability. Government-leased assets of this size and yield are rarely available, particularly at an 8.58% cap rate, offering an attractive spread compared to traditional net lease investments.
This is an ideal acquisition for investors seeking durable income, strong credit tenancy, and downside protection, with long-term hold potential.
The lease is backed by the U.S. Government, providing one of the strongest credit profiles available in commercial real estate. With in-place income and a strong yield, this asset is ideal for investors seeking predictable cash flow and long-term stability.
Investment Highlights:
Purchase Price: $635,000
Cap Rate: 8.58%
Annual Rent: $76,500 ($6,375/month)
Tenant: U.S. Government (USDA – Service Center)
Building Size: ±3,825 SF
Lease Structure: Government lease with defined terms and extensions
Credit Quality: Investment-grade tenancy (U.S. Government)
Management: Passive, low-maintenance investment
Strategically positioned in Carthage, this property serves as a regional USDA hub, supporting long-term occupancy and tenant stability. Government-leased assets of this size and yield are rarely available, particularly at an 8.58% cap rate, offering an attractive spread compared to traditional net lease investments.
This is an ideal acquisition for investors seeking durable income, strong credit tenancy, and downside protection, with long-term hold potential.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,825 SF
Building Class
C
Year Built
2001
Price
$635,000
Price Per SF
$166.01
Cap Rate
8.58%
NOI
$54,483
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,825 SF
Building FAR
0.73
Lot Size
0.12 AC
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 09112BD25 | Improvements Assessment | $6,702 |
| Land Assessment | $2,684 | Total Assessment | $9,386 |
Property Taxes
Parcel Number
09112BD25
Land Assessment
$2,684
Improvements Assessment
$6,702
Total Assessment
$9,386
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Building 1 | 506 Highway 16 W
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