3762 Highway 82 W - Freestanding FOR SALE
Leland, MS 38756 |
$1,199,000 USD
901-827-8929
3762 Highway 82 W
Leland, MS 38756
HIGHLIGHTS
- Absolute Net Lease – No landlord responsibilities
- 1.5% annual rent increases
- Long term corporate tenant, TruckPro has occupied the property for 25 years
- 12,500 SF building on 5.62 acres
- 6.75 years remain on the current lease with two, 5-year options
- The Tenant recently installed a new roof, sign, and awnings (2022)
OVERVIEW
Marcus & Millichap is pleased to present the exclusive listing for a FleetPride/TruckPro located at 3762 US-82, Leland, MS 38756. The site consists of roughly 12,500 rentable square feet of building space on an estimated 5.62-acre parcel of land. FleetPride is subject to a 6.75-year Absolute Net Lease, which commenced 12/16/2000. The current annual rent is $88,229 and has scheduled annual increases of 1.50%.
FOR SALE DETAILS
PRICE
$1,199,000 USD
PRICE/SF
$95 USD /SF
CAP RATE
7.36%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair, Distribution, Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
5.62 AC
LAND SF
244,807 SF
ZONING
-
APN/PARCEL ID
448010000
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901-827-8929
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901-827-8929
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