303 Medical Center Dr - Hospitals FOR SALE


Batesville, MS 38606
$25,267,000 USD
929-229-2614
303 Medical Center Dr, Batesville, MS for Sale
$25,267,000 USD
Hospitals - FOR SALE
1/10
null | 7% Cap Rate

303 Medical Center Dr
Batesville, MS 38606


HIGHLIGHTS

  • 18+ Years Remaining | Annual 2% Rental Increases | Corporate Guaranty
  • Absolute NNN Lease Structure | Zero Landlord Responsibilities
  • Adjacent to Walmart Supercenter (2M Annual Visitors) | Key Community Anchor | Ole Miss (24,000+ Students)
  • Regional Facility | Rural Healthcare Destination
  • Prime Interstate Access | Regional Connectivity
  • Strong Demographics Within 10-Mile Trade Area

OVERVIEW

SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in an absolute NNN-leased healthcare facility located in Batesville, Mississippi. The property is leased to Progressive Medical Management of Batesville LLC, under a long-term lease with over 18 years remaining, and is backed by a corporate guaranty from Progressive Medical Enterprise LLC, part of Progressive Health Group (PHG), a privately held rural healthcare operator with 400+ employees and a network of five hospitals across Mississippi and Georgia. PHG brings deep sector expertise and operational strength, including eight successful Rural Emergency Hospital (REH) conversions. The lease includes 2% annual rental increases throughout the primary term and renewal options, supporting steady NOI growth and providing a built-in hedge against inflation. With the tenant responsible for all CAM, taxes, insurance, and maintenance, the lease offers a true management-free investment suited for passive or out-of-state ownership.

FOR SALE DETAILS

PRICE

$25,267,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panola Medical Center

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

203

LAND DETAILS

LAND ACRES

23.7 AC

LAND SF

1,032,372 SF

ZONING

C-2

APN/PARCEL ID

3185 0005900 10000101,3185 0005900 10000113,3186 20003220 0000100

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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