$1,556,000
106 Stribling Drive Brookhaven, MS 39601
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$1,556,000
Est. payment /mo
2 Baths
4,856 SqFt
UPDATED:
08/24/2024 04:48 AM
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
HOA Y/N No
Originating Board MLS United
Year Built 2015
Annual Tax Amount $21,801
Lot Size 0.980 Acres
Acres 0.98
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.
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
Fireplace No
Window Features Tinted Windows
Building
Lot Description See Remarks
Level or Stories One
New Construction No
Others
Tax ID B77-14-2-021.07
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Listed by The Real Estate Group
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