506 Azalea Dr - Medical FOR SALE


Oxford, MS 38655
$1,725,630 USD
662-234-4044
506 Azalea Dr, Oxford, MS for Sale
$1,725,630 USD
Medical - FOR SALE
1/7
null | 6.75% Cap Rate

506 Azalea Dr
Oxford, MS 38655


HIGHLIGHTS

  • 7-Year Absolute NNN Sale-Leaseback with 2% annual rental increases, providing predictable and passive investment opportunity
  • Prime Location within the Oxford Medical District, surrounded by complementary medical uses and in close proximity to Baptist Memorial Hospital
  • Physician-Led Credit backed by two board-certified surgeons, including a Baptist Memorial Bariatric Program Medical Director ranked in the 99th%
  • Strong Growth Market in Oxford, MS, home to a major SEC university (Ole Miss), supporting durable population growth and favorable long-term demos

OVERVIEW

Randall Commercial Group, LLC is pleased to present for sale this medical office sale-leaseback opportunity in Oxford, MS, home to the University of Mississippi and a growing regional healthcare hub anchored by Baptist Memorial Hospital. The subject property is situated within Oxford's Medical District, in close proximity to Baptist Memorial Hospital and a concentration of complementary medical facilities. The Tenant, Oxford Surgical & Bariatric Clinic, is a locally owned general and bariatric surgery practice led by two board-certified physicians. The lease is structured as Absolute NNN with a 7-year primary term commencing at closing, with 2% annual rental increases. The lease carries a personal guarantee from the practice's owning physicians, adding an additional layer of credit strength to the offering.

FOR SALE DETAILS

PRICE

$1,725,630 USD

PRICE/SF

$385 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oxford Surgical & Bariatric Clinic SLB

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,000 SF

ZONING

-

APN/PARCEL ID

138N-33-051.00

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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