1008 S State St - Storefront FOR SALE
Clarksdale, MS 38614 |
$1,150,000 USD
281-757-2709
1008 S State St
Clarksdale, MS 38614
HIGHLIGHTS
- Corporate Lease with T-Mobile: Over six years remaining on a 10-year absolute NNN lease with T-Mobile, a leading national wireless carrier.
- 2021 Retrofit: The property was fully retrofitted in 2021 to meet T-Mobile’s current specifications, minimizing near-term capital expenditure.
- Scheduled Rent Increase: Lease includes a 10% rent escalation in 2027, contributing to an adjusted cap rate of 8.00%.
- Prime Retail Positioning: Strategically located along South State Street, the primary commercial corridor in Clarksdale, and outparcel to a high-perfo
- Established Retail Trade Area: Surrounded by nationally recognized tenants including Walmart, McDonald’s, Kroger, AutoZone, O’Reilly Auto Parts, Dolla
- Demographic Profile: The property benefits from a ±5-mile population base of approximately 14,844 residents, supporting consistent consumer traffic.
FOR SALE DETAILS
PRICE
$1,150,000 USD
PRICE/SF
$467 USD /SF
CAP RATE
7.28%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
T-Mobile
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
46
LAND DETAILS
LAND ACRES
0.96 AC
LAND SF
41,818 SF
ZONING
Commercial
APN/PARCEL ID
138-271491000-0000200
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281-757-2709
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281-757-2709
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