2776 Highway 51 - Medical FOR SALE


Senatobia, MS 38668
$878,000 USD
754-216-1154
2776 Highway 51, Senatobia, MS for Sale
$878,000 USD
Medical - FOR SALE
1/3
null | 8.5% Cap Rate

2776 Highway 51
Senatobia, MS 38668


HIGHLIGHTS

  • The premises are 100% occupied by the State of Mississippi's Division of Medicaid, a government tenant operating the property as a regional Medicaid.
  • Flat base rent of $107,460 annually ($8,95 per month, $9.95 PSF) across 10,800 rentable SF. The tenant furnishes all utilities & janitorial services.
  • Positioned at 2776 Highway 51 South in Senatobia, directly on the US-51 corridor that parallels I-55, the primary north-south artery.
  • Roughly a 40-minute drive north via I-55 to Memphis International Airport (MEM), the 2nd busiest cargo airport in the world.
  • Senatobia is the county seat of Tate County (2025 population ~28,700) and the 16th-largest municipality in the Memphis MSA.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 10,800 SF Medicaid Plaza located at 2776 Hwy 51 South in Senatobia, MS. This deal includes 100% occupancy by the State of Mississippi's Division of Medicaid, providing government-backed tenancy and reliable rental income through the state's electronic remittance system. The property generates $107,460 in annual base rent, or $9.95 PSF, with the tenant responsible for utilities, janitorial services, and routine consumables, creating a low-management income stream. In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616

FOR SALE DETAILS

PRICE

$878,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medicaid Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

-

APN/PARCEL ID

153-05-0000113

ASK ABOUT THIS PROPERTY

Alexandra AnttilaSands Investment GroupMore Info
754-216-1154

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Alexandra AnttilaSands Investment GroupMore Info
754-216-1154

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