106 Stribling Drive Active Save Request In-Person Tour Request Virtual Tour
Brookhaven,MS 39601
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 4,856 sqft
Price per Sqft $320
MLS Listing ID 4068823
Full Baths 2
Year Built 2015
Annual Tax Amount $21,801
Lot Size 0.980 Acres
Property Description
This prime commercial real estate asset represents a unique investment opportunity with a compelling financial profile. The property, covering 4,856 square feet on a 1-acre site (Lot 3C), is fully occupied, ensuring immediate and consistent revenue. It boasts an average capitalization rate of 6% over the initial term, underpinned by a 7-year lease agreement with 5 and a half years remaining. The lease includes advantageous 2% annual rent escalations during both the base and option terms, enhancing cash flow potential and providing a hedge against inflation.
Strategically located for maximum visibility, the property features a 100 ft Interstate Pylon sign, making it prominently visible from Interstate 55. This high-profile positioning near major commercial entities like Home Depot, a Honda dealership, and Stribling Equipment significantly enhances its value proposition. Constructed in 2015, the asset offers contemporary facilities with minimal maintenance needs, making it an attractive proposition for investors seeking a balance of security and growth potential in the commercial real estate market.
Location
State MS
County Lincoln
Interior
Cooling Electric
Flooring Concrete
Building
Lot Description See Remarks
New Construction No