3762 Highway 82 W - Freestanding FOR SALE


Leland, MS 38756
$1,102,864 USD
248-227-3611
3762 Highway 82 W, Leland, MS for Sale
$1,102,864 USD
Freestanding - FOR SALE
1/18
null | 8% Cap Rate

3762 Highway 82 W
Leland, MS 38756


HIGHLIGHTS

  • Tenant signed a new 10-year lease in 2022 with more than six years remaining.
  • Absolute NNN lease structure places operating expense responsibilities on the tenant.
  • Annual 1.5% rent escalations provide contractual income growth.
  • Located along U.S. Highway 82 with reported traffic counts exceeding 18,000 vehicles daily.
  • TruckPro has operated from this location for more than two decades.
  • Lease includes two additional five-year renewal options.

OVERVIEW

TruckPro is a single-tenant net lease investment located at 3762 Highway 82 W in Leland, Mississippi. The property consists of a freestanding retail building occupied by TruckPro, a distributor of heavy-duty truck and trailer parts serving commercial transportation customers. The tenant has operated from this location since approximately 2000 and executed a new 10-year lease in 2022, providing a remaining lease term of more than six years at the time of the offering. Annual rent escalations of 1.5% provide built-in income growth throughout the lease term, and the lease includes two additional five-year renewal options. The asset benefits from an Absolute NNN lease structure, under which the tenant is responsible for real estate taxes, insurance, common area maintenance, utilities, and other operating expenses. This structure minimizes landlord obligations and supports a predictable income stream. The property's location along U.S. Highway 82 places it on one of the area's primary transportation corridors, with reported traffic volumes exceeding 18,000 vehicles per day. The site is positioned between Leland and Greenville, providing access to the broader Mississippi Delta region and serving businesses connected to trucking, transportation, agriculture, and industrial activity. Surrounding commercial uses include diesel service, tire, and motor sports businesses that complement TruckPro's customer base. The combination of long-term tenancy, contractual rent growth, limited landlord responsibilities, and highway-oriented visibility positions the property as a stabilized single-tenant investment opportunity within a transportation-focused trade area.

FOR SALE DETAILS

PRICE

$1,102,864 USD

PRICE/SF

$88 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

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

ASK ABOUT THIS PROPERTY

Addison WilliamsSavillsMore Info
248-227-3611

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Addison WilliamsSavillsMore Info
248-227-3611

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