337 W Main St - Freestanding FOR SALE


Philadelphia, MS 39350
$285,000 USD
662-268-8025
337 W Main St, Philadelphia, MS for Sale
$285,000 USD
Freestanding - FOR SALE
1/2
null | Request Cap Rate

337 W Main St
Philadelphia, MS 39350


HIGHLIGHTS

  • Excellent investment opportunity
  • Long term national tenant in place until 2029
  • Located in the heart of Philadelphia, MS

OVERVIEW

Excellent investment opportunity for a great rate of return. This commercial building is leased to a long-term tenant, Little Caesar's Pizza, in place since July 2014. Annual income of $26,136, plus the tenant is responsible for property taxes and all non-structural maintenance. Tenant covers their own maintenance including hvac replacement/repair. Landlord covers insurance cost. Current lease term runs until June 2029, and there is a renewal option remaining that would run from July 2029 - June 2034. Busy corner location in the heart of the West Main Street commercial corridor in Philadelphia benefit this established location. Taxes are $2,491.16 annually, paid by tenant. Insurance estimated at $2,200 annually, paid by landlord.

FOR SALE DETAILS

PRICE

$285,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Caesars

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

05225D-00E-006.000

ASK ABOUT THIS PROPERTY

Jane Anna WaideFarmer Commercial PropertiesMore Info
662-268-8025

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Jane Anna WaideFarmer Commercial PropertiesMore Info
662-268-8025

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