506 Highway 16 W - Office FOR SALE


Carthage, MS 39051
$635,000 USD
601-942-0132
506 Highway 16 W, Carthage, MS for Sale
$635,000 USD
Office - FOR SALE
1/4
null | 8.58% Cap Rate

506 Highway 16 W
Carthage, MS 39051


OVERVIEW

Rare opportunity to acquire a stabilized, income-producing asset leased to the United States Department of Agriculture (USDA) in Carthage, Mississippi. This property offers secure, government-backed income with minimal management responsibility. The lease is backed by the U.S. Government, providing one of the strongest credit profiles available in commercial real estate. With in-place income and a strong yield, this asset is ideal for investors seeking predictable cash flow and long-term stability. Investment Highlights: Purchase Price: $635,000 Cap Rate: 8.58% Annual Rent: $76,500 ($6,375/month) Tenant: U.S. Government (USDA – Service Center) Building Size: ±3,825 SF Lease Structure: Government lease with defined terms and extensions Credit Quality: Investment-grade tenancy (U.S. Government) Management: Passive, low-maintenance investment Strategically positioned in Carthage, this property serves as a regional USDA hub, supporting long-term occupancy and tenant stability. Government-leased assets of this size and yield are rarely available, particularly at an 8.58% cap rate, offering an attractive spread compared to traditional net lease investments. This is an ideal acquisition for investors seeking durable income, strong credit tenancy, and downside protection, with long-term hold potential.

FOR SALE DETAILS

PRICE

$635,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

8.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 1

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

-

APN/PARCEL ID

09112BD25

ASK ABOUT THIS PROPERTY

Joel ReevesCannon Cleary McGrawMore Info
601-942-0132

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Joel ReevesCannon Cleary McGrawMore Info
601-942-0132

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