1000-1004 E Madison St - Hospitals FOR SALE


Houston, MS 38851
$10,543,000 USD
929-229-2614
1000-1004 E Madison St, Houston, MS for Sale
$10,543,000 USD
Hospitals - FOR SALE
1/8
null | 7% Cap Rate

1000-1004 E Madison St
Houston, MS 38851


HIGHLIGHTS

  • Brand New 20-Year Lease | Annual 2.5% Rental Increases
  • Corporate Guaranty
  • Absolute NNN | Zero Landlord Responsibilities
  • Excellent Accessibility On E Madison St (9,600 VPD)
  • Rural Healthcare Destination

OVERVIEW

SRS Real Estate Partners, LLC is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased healthcare investment located in Houston, Mississippi. The tenant, Progressive Health of Houston, LLC, recently signed a brand-new 20-year lease with two (2) additional 5-year renewal options, demonstrating their long-term commitment to the property. The lease features 2.5% annual rental increases throughout the primary term and renewal periods, offering consistent NOI growth and a built-in hedge against inflation. The lease is structured as absolute NNN, with zero landlord responsibilities, making this an ideal, management-free investment opportunity for passive or out-of-state investors.

FOR SALE DETAILS

PRICE

$10,543,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Progressive Health | New 20yr Corp Abs NNN

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

13 AC

LAND SF

566,280 SF

ZONING

C-3

APN/PARCEL ID

1-102C-04-012.00

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.