508 US 61 - Retail FOR SALE


Natchez, MS 39120
$1,809,417 USD
415-274-2706
508 US 61, Natchez, MS for Sale
$1,809,417 USD
Retail - FOR SALE
1/6
null | 7% Cap Rate

508 US 61
Natchez, MS 39120


HIGHLIGHTS

  • Zero landlord maintenance or expense responsibilities, providing a truly passive investment
  • 10% rental increases every five years deliver structured, inflation-hedged income growth
  • Three, 5-year renewal options extend the potential lease term well beyond the initial 15-year term
  • 15-year original lease term with approximately 10 years of remaining term as of rent commencement in December 2021
  • Corporate guaranty from one of the top national urgent care operating companies successfully running over 320 clinics across the southeast

OVERVIEW

A 2021-built medical asset featuring 10 years of remaining term, 10% rental increases every five years, and zero landlord maintenance or expense responsibilities within an active retail corridor. This medical asset offers an absolute NNN lease structure with zero landlord maintenance or expense responsibilities, 10 years of remaining term, and scheduled 10% rental increases every five years. The asset is positioned within the Beechwood development, an active mixed-use corridor attracting new commercial projects. The Beechwood development project is a growing commercial node currently attracting several new projects in various stages of development. Most notably, a new Medicaid and Medicare facility is scheduled to break ground on an adjacent site, reinforcing the corridor’s long-term relevance as a healthcare and retail destination.

FOR SALE DETAILS

PRICE

$1,809,417 USD

PRICE/SF

$503 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fast Pace Urgent Care

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

-

APN/PARCEL ID

0085 0001 0001.6

ASK ABOUT THIS PROPERTY

Justin StarkCP Partners CREMore Info
415-274-2706

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Justin StarkCP Partners CREMore Info
415-274-2706

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