301 W Main St - Bank FOR SALE


Carthage, MS 39051
$1,835,378 USD
662-234-4044
301 W Main St, Carthage, MS for Sale
$1,835,378 USD
Bank - FOR SALE
1/9
null | 6.75% Cap Rate

301 W Main St
Carthage, MS 39051


HIGHLIGHTS

  • Long-Term Investment Opportunity: 12 Year Initial Term with Absolute NNN Lease Structure and Corporate Guarantee
  • Established Tenant: Sale-leaseback to a top 200 regional community bank with reported assets exceeding $1.4 billion & a history spanning over 100 yrs
  • The bank is an insured member of the FDIC
  • Corporate Guarantee: Lease Guarantee from the banks publicly traded holding company the Citizens Holding Company (OTCQX: CIZN)
  • Prime downtown Carthage location: Centrally positioned in the markets core commercial district, with excellent visibility & access via major highways
  • This branch serves a steady rural market anchored by agriculture, large-scale poultry processing, and essential services

OVERVIEW

Randall Commercial Group, LLC is pleased to present an exceptional sale-leaseback opportunity in Carthage, MS. The property will be leased back to The Citizens Bank of Philadelphia—a wellestablished Mississippi-based community bank founded in 1908 with multiple branches statewide— under a new 12-year absolute NNN lease commencing at closing, featuring 2% annual rent increases and five, 5-year renewal options. Situated at 301 West Main Street in the heart of downtown Carthage, the branch enjoys prominent visibility and accessibility along a central commercial corridor in Leake County's county seat and primary community hub. Carthage benefits from strong regional connectivity via intersecting major highways supporting steady traffic. The location serves a stable local economy driven by agriculture, manufacturing, health care, construction, and finance sectors, positioning the branch well in this vital central MS market.

FOR SALE DETAILS

PRICE

$1,835,378 USD

PRICE/SF

$728 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Citizens Bank | Carthage, MS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

09112BE04,09112BE05

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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