118 Highway 12 W

63,310 SF 100% Leased Retail Building Starkville, MS 39759 $9,000,000 ($142/SF) 5.71% Cap Rate

INVESTMENT HIGHLIGHTS

  • Signalized Intersection
  • Excellent Credit Tenants
  • High Traffic Counts
  • Recently Renovated
  • Pylon Signage
  • NNN Leases

EXECUTIVE SUMMARY

Concord Companies is pleased to present this 3-Tenant Net Leased asset for Sale. The Building and parking lot were recently completely renovated in 2023, and sit along the most highly trafficked corridor in Starkville, MS. Starkville is home to Mississippi State University with a student population of over 22,000, and the Property is positioned just 1 mile from Campus. All three leases have recently commenced and include several renewal options of 5 years each. There is additional upside via outparcel development, whether that be via a sale or BTS.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
63,310 SF
Year Built
1992
Price
$9,000,000
Price Per SF
$142
Cap Rate
5.71%
NOI
$513,581
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
6.35 AC
Opportunity Zone
Yes
Parking
311 Spaces (4.91 Spaces per 1,000 SF Leased)
Frontage
345 FT on MS-12

AMENITIES

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Ace Hardware
  • Retailer
  • 99,999 SF
  • -
  • -
  • Miskelly Furniture
  • Retailer
  • 99,999 SF
  • -
  • -
  • Specialty Ortho
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Ace Hardware Retailer 99,999 SF - -
Miskelly Furniture Retailer 99,999 SF - -
Specialty Ortho Health Care and Social Assistance 99,999 SF - -
Walk Score®
Very Walkable (70)

NEARBY MAJOR RETAILERS

Newk's Eatery
Cook Out
CB&S Bank
Harveys
Starbucks
The First Bank
First Bank
Chicken Salad Chick
Chili's Grill & Bar
Regions Bank

PROPERTY TAXES

  • Listing ID: 33764207

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 118 Highway 12 W, Starkville, MS 39759