60 Mike Parra Rd | Columbus, MS 39705
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- LoopNet Team
60 Mike Parra Rd
Columbus, MS 39705
Family Dollar · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Exceptional return! Asking 10.25% cap rate / $1,126.830
- Constructed in 2021 and went dark in 2024 but Family Dollar continues to pay rent and expense reimbursements through the remainder of their lease term
- A representative from Family Dollar has reached out offering to negotiate a lease buy-out . A buyer might be able to continue those negotiations
- Six years of remaining lease term on recently closed Family Dollar
- Remaining lease term provides buyer the opportunity the time to re-tenant the property while benefiting from remaining base rental income and expenses
- A buy-out would offer the buyer an opportunity to dramatically reduce their basis in the property or use the ability to use funds to cover renovation
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
7.29 AC
Zoning
Commercial
Frontage
PROPERTY TAXES
| Parcel Number | 33W230000109 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $89,853 |
PROPERTY TAXES
Parcel Number
33W230000109
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$89,853
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