Regions Bank 331 W Main St

10,834 SF Retail Building Tupelo, MS 38804 $2,393,000 ($221/SF) 6.31% Cap Rate

INVESTMENT HIGHLIGHTS

  • Triple-Net Lease (5.5 Years Remaining) With Annual 3% Rental Increases
  • Tenant Paying Low Rent of $13.93/PSF
  • Signalized Hard Corner Location on West Main Street and South Green Street (15,962 VPD)
  • Top Ranked Regions in the County By Deposits
  • Central Business District of Historic Downtown Tupelo
  • Near Cadence Arena and Conference Center

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Regions Bank in Tupelo, MS. The property consists of a 10,834-square-foot, freestanding building that sits on approximately 0.53 acres of land. There are 5.5 years remaining on the lease with 3 percent rental increases annually.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
10,834 SF
Building Class
B
Year Built/Renovated
1985/2007
Price
$2,393,000
Price Per SF
$221
Cap Rate
6.31%
NOI
$150,907
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.53 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
15 Spaces (1.38 Spaces per 1,000 SF Leased)
Frontage
216 FT on W Main

AMENITIES

  • Banking
  • Corner Lot
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage

NEARBY MAJOR RETAILERS

Renasant Bank
Regions Bank
BankPlus
Grill
Kroger
Walmart Neighborhood Market
McAlister's Deli
HOTWORX
Cadence Bank
Checkers

PROPERTY TAXES

  • Listing ID: 34551578

  • Date on Market: 1/21/2025

  • Last Updated:

  • Address: 331 W Main St, Tupelo, MS 38804