151 E Commerce St - Freestanding FOR SALE
Hernando, MS 38632 |
$1,714,321 USD
901-827-8929
151 E Commerce St
Hernando, MS 38632
HIGHLIGHTS
- Favorable Tenant - Established multistate Dunkin’ Donuts franchisee with over 20 years of experience and continued growth
- Fixed Rental Increases - 10% Rental Increases every 5 years
- Scheduled Rental Increase in Approximately 2.5 Years - Increasing Cap Rate to 6.16%
- In close proximity to the #3 Kroger out of 29 in Mississippi. This Kroger Marketplace with fuel is in the 90th percentile nationwide (Placer.ai)
- Growing, Award Winning Community - Hernando, Mississippi serves as a county seat with top-rated schools, and is a suburb of Memphis, TN
- Strong Demographics - Average Household Income of $112,956 and over 26,405 residents in a 5-mile radius
FOR SALE DETAILS
PRICE
$1,714,321 USD
PRICE/SF
$850 USD /SF
CAP RATE
5.6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.35 AC
LAND SF
15,246 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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901-827-8929
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901-827-8929
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