1951 Main St - Freestanding FOR SALE


Madison, MS 39110
$9,805,000 USD
470-344-2586
1951 Main St, Madison, MS for Sale
$9,805,000 USD
Freestanding - FOR SALE
1/10
null | 7.25% Cap Rate

1951 Main St
Madison, MS 39110


HIGHLIGHTS

  • 8 Years Remaining | Scheduled Rental Increases | Growing Brand
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Signalized, Hard Corner Intersection | Interstate 55 | Excellent Visibility & Access
  • Strong Demographics in the 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant currently has over 8 years remaining on their initial lease with 3 (5-Year) options to extend, demonstrating their commitment to the site • The lease features $0.50 PSF rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation • Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting

FOR SALE DETAILS

PRICE

$9,805,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Academy Sports | 8yrs Remain Corp NN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

262

LAND DETAILS

LAND ACRES

7.07 AC

LAND SF

307,969 SF

ZONING

C-2

APN/PARCEL ID

072C-07A-005/02

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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