4135 Highway 44 - Retail FOR SALE


Summit, MS 39666
$1,281,000 USD
650-315-2112
4135 Highway 44, Summit, MS for Sale
$1,281,000 USD
Retail - FOR SALE
1/3
null | Request Cap Rate

4135 Highway 44
Summit, MS 39666


HIGHLIGHTS

  • Net Leased Offering
  • Minimal Landlord Obligations
  • Corporate Guarantee
  • Scheduled Increases in Rent
  • Strategic Location on Highway 44 in Summit, MS
  • High Visibility and Easy Access to Major Roads

OVERVIEW

The Kase Group is pleased to offer the opportunity to acquire a newly leased Family Dollar property located at 4135 Mississippi 44 in Summit, Mississippi. This 10,500 square foot, single-tenant retail property is leased on a 10-year net lease (NN), offering minimal landlord obligations. The lease is backed by a corporate guarantee from Family Dollar. Strategically situated on Highway 44, the property benefits from excellent visibility and easy access to surrounding areas, enhancing its appeal to both consumers and investors. Summit, Mississippi is an established retail hub, and the Family Dollar store contributes to the growing demand for convenient, affordable retail options. The lease includes five 5-year renewal options, with $0.50/SF rent increases in each renewal period. The surrounding commercial environment features essential retailers such as the adjacent Piggly Wiggly and 4 Way Quick Stop. Traffic is further driven by major regional anchors, including Southwest Mississippi Community College and the 160-bed Southwest Mississippi Regional Medical Center, which draw significant daytime visitors. The property serves a tight-knit community within the broader Pike County trade area of approximately 40,000 residents, benefiting from a stable consumer base anchored by the local industrial and healthcare sectors.

FOR SALE DETAILS

PRICE

$1,281,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Net Lease

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

-

APN/PARCEL ID

901484-D

ASK ABOUT THIS PROPERTY

Jacob AbusharkhThe Kase GroupMore Info
650-315-2112

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

Jacob AbusharkhThe Kase GroupMore Info
650-315-2112

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