1706 Cypress Ave - Manufacturing FOR SALE


Greenwood, MS 38930
$7,466,667 USD
901-312-4916
1706 Cypress Ave, Greenwood, MS for Sale
$7,466,667 USD
Manufacturing - FOR SALE
1/12
null | 9% Cap Rate

1706 Cypress Ave
Greenwood, MS 38930


HIGHLIGHTS

  • Seven-Year 70K SF NNN Lease with the tenant responsible for substantially all property operating expenses.
  • Established Infrastructure Tenant - Leased to NPL Construction, a utility infrastructure contractor
  • Mission-Critical Operating Facility - The property supports fabrication and manufacturing activities tied to natural gas, utility, and energy
  • Specialized Industrial Improvements - Three overhead cranes, 14 dock-high doors, oversized drive-in access, 24'-28' clear height
  • Predictable Contractual Income - Stabilized annual base rent of $672,000 beginning September 2026

OVERVIEW

1706 Cypress Avenue offers investors the opportunity to acquire a stabilized industrial asset leased to a nationally recognized infrastructure contractor operating within one of the fastest-growing segments of North American industrial development. The combination of modern construction, a mission-critical manufacturing operation, long-term contractual income, and a NNN lease structure creates a compelling investment profile. The 70,000-square-foot facility was developed to support fabrication and manufacturing operations. It features an overhead crane system, oversized drive-through door, 14 dock-high doors, generous truck court, and expansion capability, providing a highly functional industrial asset for long-term occupancy. The lease structure provides investors with durable, predictable cash flow while minimizing landlord management responsibilities and operating expense exposure. About the Tenant: NPL Construction is one of North America's leading utility infrastructure contractors, specializing in the construction, maintenance, and modernization of natural gas distribution systems, pipeline transmission infrastructure, and related utility assets. This manufacturing operation plays an important role in supplying projects throughout NPL's regional utility network, making the Greenwood facility a strategically important operating location. NPL Construction is a wholly owned operating company of Centuri Group, Inc., one of North America's premier utility infrastructure service providers headquartered in Phoenix, Arizona. With more than 115 years of operating history, Centuri provides comprehensive infrastructure solutions for electric, natural gas, renewable energy, and utility customers throughout the United States and Canada. The company's long operating history, extensive customer relationships, and essential service offerings position NPL as a highly desirable industrial tenant operating within an industry supported by long-term infrastructure investment trends.

FOR SALE DETAILS

PRICE

$7,466,667 USD

PRICE/SF

$107 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1706 Cypress Avenue Greenwood, Mississippi

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

Lighting - Fluorescent, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

14

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.86

LAND SF

560,182

ZONING

-

APN/PARCEL ID

09920000000120

ASK ABOUT THIS PROPERTY

Andrew PhillipsColliersMore Info
901-312-4916

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Andrew PhillipsColliersMore Info
901-312-4916

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