118 Highway 12 W | Starkville, MS 39759
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118 Highway 12 W
Starkville, MS 39759
Retail Property For Sale
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
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
PROPERTY TAXES
| Parcel Number | 102A-00-207.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $576,080 |
PROPERTY TAXES
Parcel Number
102A-00-207.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$576,080
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