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954 Main St

2,670 SF 100% Leased Retail Building Southaven, MS 38671 $499,000 ($187/SF) 4.89% Cap Rate

Retail Space Mississippi Southaven 954 Main St, Southaven, MS 38671

Investment Highlights

  • Traffic Count averages 23,000 cars a day
  • Tenant Recently Updated and Improved Space!
  • Great Location!
  • Modified Gross Lease for Three-Year Tenant
  • Quick Service Restaurant for Investment Opportunity!

Executive Summary

Our experienced commercial real estate team is happy to present a great investment opportunity with a three-year modified gross lease that ends December 31, 2023. This space is located on Main Street on the border of Memphis and Southaven. Just a block from Interstate 55, this location offers a drive-thru, thirty parking spaces, commercial kitchen, and it has recently been renovated by the current tenant. If you are looking for a great investment opportunity, give us a call today!

Attachments

Sales Brochure BO - 954 Stateline Southaven

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,670 SF
Building Class
C
Year Built
1985
Price
$499,000
Price Per SF
$187
Cap Rate
4.89%
NOI
$24,401
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Land Acres
0.57 AC
Zoning
C-3
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
119 FT on Main St

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru
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PROPERTY TAXES

Parcel Number 1086130000002701 Improvements Assessment $31,694
Land Assessment $15,625 Total Assessment $47,319

PROPERTY TAXES

Parcel Number
1086130000002701
Land Assessment
$15,625
Improvements Assessment
$31,694
Total Assessment
$47,319
(901) 833-8000

  • Listing ID: 19744650

  • Date on Market: 6/1/2020

  • Last Updated:

  • Address: 954 Main St, Southaven, MS 38671

More public record information on 954 Main St, Southaven, MS 38671

The Retail Property at 954 Main St, Southaven, MS 38671 is currently available For Sale. Contact KW Commercial for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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954 Main St, Southaven, MS for sale Building Photo- Image 1 of 10
Image 1 - 954 Stateline
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954 Main St
(901) 833-8000 x

954 Main St

Rhodes Thompson

(901) 833-8000

(901) 833-8000

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