60 Mike Parra Rd - Freestanding FOR SALE
Columbus, MS 39705 |
60 Mike Parra Rd
Columbus, MS 39705
HIGHLIGHTS
- Exceptional return! Asking 10.25% cap rate / $1,126.830
- Six years of remaining lease term on recently closed Family Dollar
- Constructed in 2021 and went dark in 2024 but Family Dollar continues to pay rent and expense reimbursements through the remainder of their lease term
- Remaining lease term provides buyer the opportunity the time to re-tenant the property while benefiting from remaining base rental income and expenses
- A representative from Family Dollar has reached out offering to negotiate a lease buy-out . A buyer might be able to continue those negotiations
- A buy-out would offer the buyer an opportunity to dramatically reduce their basis in the property or use the ability to use funds to cover renovation
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Supermarket
TOTAL BUILDING SIZE
10500
STORIES
1
YEAR BUILT
2021
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
33W23-00-00101,33W230000109
