2300 N Hills St - Office FOR SALE
Meridian, MS 39305 |
$1,298,290 USD
310-955-1774
2300 N Hills St
Meridian, MS 39305
HIGHLIGHTS
- This offering provides a very rare opportunity to acquire a passive absolute net lease with 2% annual rental escalators.
- The tenant is a regional conglomerate of Kids Dental Brands which has a network of 45 dental offices across AZ, TX, MS, MO, NC, VA and OH.
- Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
- At just $16/SF in rent and $216/SF in price, the property is priced below replacement cost.
- The property sees over 16,000 cars per day and sits within an area that is home to dozens of other retail and medical office tenants.
- Kids Dental Brands signed a 12-year lease at the location in 2020, demonstrating a commitment to this location and providing confidence.
FOR SALE DETAILS
PRICE
$1,298,290 USD
PRICE/SF
$216 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
HAPPY SMILES
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
-
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.69 AC
LAND SF
30,247 SF
ZONING
-
APN/PARCEL ID
139-31-2-0000-000-01210
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310-955-1774
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310-955-1774
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