629 Grants Ferry Rd - Freestanding FOR SALE


Flowood, MS 39232
$1,040,000 USD
480-221-4221
629 Grants Ferry Rd, Flowood, MS for Sale
$1,040,000 USD
Freestanding - FOR SALE
1/8
null | 6.35% Cap Rate

629 Grants Ferry Rd
Flowood, MS 39232


HIGHLIGHTS

  • 10+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • Rare Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
  • Grants Ferry Rd (11,000 VPD) | Excellent Visibility | Significant Street Frontage
  • Across from 75,000+ SF Shopping Center | Retail Corridor |Strong National/Credit Tenant Presence | Pinelands Development
  • Direct, Affluent Consumer Base | Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Advance Auto Parts investment property located in Flowood, Mississippi. The tenant, Discount Auto Parts, LLC, has more than 10 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 3.5% increase in September of 2033, and 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,040,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts | 10+yrs Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

C-3

APN/PARCEL ID

H11-000081-00070

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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