106 Stribling Drive Brookhaven, MS 39601

Retail Residence

Beds

2 Baths

4,856 Sq. Ft.

0.98 Acre Lot

Property Activity

Time on Site

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Last updated on 12/27/2024 10:48 AM

Listing Details

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% ove...r 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. Continue reading

MLS#

4068823

Property Type

Retail

Bathrooms

Year Built

2015

Square Feet

4,856 sq. ft

Lot Size

0.98

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