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954 Main St 2,670 SF 100% Leased Retail Building Southaven, MS 38671 $499,000 ($186.89/SF) 4.89% Cap Rate
INVESTMENT HIGHLIGHTS
- Traffic Count averages 23,000 cars a day
- Tenant Recently Updated and Improved Space!
- Great Location!
- Modified Gross Lease for Three-Year Tenant
- Quick Service Restaurant for Investment Opportunity!
EXECUTIVE SUMMARY
Our experienced commercial real estate team is happy to present a great investment opportunity with a three-year modified gross lease that ends December 31, 2023. This space is located on Main Street on the border of Memphis and Southaven. Just a block from Interstate 55, this location offers a drive-thru, thirty parking spaces, commercial kitchen, and it has recently been renovated by the current tenant. If you are looking for a great investment opportunity, give us a call today!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,670 SF
Building Class
C
Year Built
1985
Price
$499,000
Price Per SF
$186.89
Cap Rate
4.89%
NOI
$24,401
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.57 AC
Zoning
C-3
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1086130000002701 | Improvements Assessment | $23,881 |
| Land Assessment | $23,438 | Total Assessment | $47,319 |
PROPERTY TAXES
Parcel Number
1086130000002701
Land Assessment
$23,438
Improvements Assessment
$23,881
Total Assessment
$47,319
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954 Main St
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