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6723 Us-51 Hwy 10,000 SF 5% Leased Retail Building Horn Lake, MS 38637 $1,000,000 ($100/SF) 7.29% Cap Rate
Investment Highlights
- 3,224 SF Office/Showroom
- Situated on 8.14 AC
- 6,300 SF Service Facility
Executive Summary
IOS or Vehicle Sales Lot Opportunity
Prime Highway 51 frontage
Quick access to I-55
8.14 AC site
Paved, fenced and secured
Parking for ~400 cars
3,224 SF office/showroom built in 2021
leased through December 31, 2027
6,300 SF detached service facility
C-4 Zoning
Excellent opportunity for an owner-user or
automotive/IOS investor
Asking price: $1,000,000
Prime Highway 51 frontage
Quick access to I-55
8.14 AC site
Paved, fenced and secured
Parking for ~400 cars
3,224 SF office/showroom built in 2021
leased through December 31, 2027
6,300 SF detached service facility
C-4 Zoning
Excellent opportunity for an owner-user or
automotive/IOS investor
Asking price: $1,000,000
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
10,000 SF
Building Class
C
Year Built
1998
Price
$1,000,000
Price Per SF
$100
Cap Rate
7.29%
NOI
$72,900
Percent Leased
5%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
8.14 AC
Zoning
C-4
Parking
750 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
352’ on Us-51 Hwy
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1087350000001700 | Improvements Assessment | $197,846 |
| Land Assessment | $38,820 | Total Assessment | $236,666 |
Property Taxes
Parcel Number
1087350000001700
Land Assessment
$38,820
Improvements Assessment
$197,846
Total Assessment
$236,666
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6723 Us-51 Hwy
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