151 E Commerce St - Freestanding FOR SALE
Hernando, MS 38632 |
$1,795,000 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 3 Years - Increasing Cap Rate to 5.88%
- Double Net (NN) Lease - Minimal Landlord responsibilities
- Desirable Retail Location - Situated in close proximity to a Kroger Marketplace (with fuel station) anchored shopping center with numerous retailers
- Growing, Award Winning Community - Hernando, Mississippi serves as a county seat with top-rated schools, and is a suburb of Memphis, TN
FOR SALE DETAILS
PRICE
$1,795,000 USD
PRICE/SF
$890 USD /SF
CAP RATE
5.35%
% 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
-
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901-827-8929
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901-827-8929
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