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22579 Depot St

5,600 SF Office Building Lexington, MS 39095 $1,025,000 ($183/SF) 7.27% Cap Rate

Medical Offices Mississippi Lexington 22579 Depot St, Lexington, MS 39095

Investment Highlights

  • Longstanding Location for Tenant ( Tenant at Location Since 1993)
  • Annual Rental Increases (1.5% Annual Rental Increases Throughout Current Term and Extended Terms)
  • Certificate of Need State (High Barrier to Entry for Competition and Limited Potential to Relocate)
  • Early Seven Year Lease Extension (7.75 Years of Lease Term Remaining with (three) five-year options)
  • Passive Triple Net Lease Structure (Tenant Responsible for Capital Expenditures)
  • 100% Market Share in Lexington, MS (Only Dialysis Clinic in 25 Mile Radius)

Executive Summary

Longstanding Location for Tenant ( Tenant at Location Since 1993)

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
5,600 SF
Building Class
C
Year Built/Renovated
1993/2019
Price
$1,025,000
Price Per SF
$183
Cap Rate
7.27%
NOI
$74,536
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,600 SF
Building FAR
0.13
Lot Size
1.00 AC
Parking
5 Spaces (0.89 Spaces per 1,000 SF Leased)
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22579 Depot St, Lexington, MS - aerial map view

PROPERTY TAXES

Parcel Number 050-16-03901 Improvements Assessment $32,551
Land Assessment $2,502 Total Assessment $35,053

PROPERTY TAXES

Parcel Number
050-16-03901
Land Assessment
$2,502
Improvements Assessment
$32,551
Total Assessment
$35,053
(813) 210-7741

Contacts

  • Listing ID: 34135567

  • Date on Market: 12/9/2024

  • Last Updated:

  • Address: 22579 Depot St, Lexington, MS 39095

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22579 Depot St, Lexington, MS for sale Primary Photo- Image 1 of 3
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22579 Depot St, Lexington, MS for sale Aerial- Image 2 of 3
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22579 Depot St
(813) 210-7741 x

22579 Depot St

1/4

Christopher Biuso

(813) 210-7741

(813) 210-7741

Rory Shelby

(407) 557-3861

(407) 557-3861

Scott Gould

(407) 557-3824

(407) 557-3824

Caitlin Lancaster

(407) 557-3832

(407) 557-3832

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