6864 Highway 45 Alt S - Freestanding FOR SALE


West Point, MS 39773
$475,000 USD
662-268-8025
6864 Highway 45 Alt S, West Point, MS for Sale
$475,000 USD
Freestanding - FOR SALE
1/14
null | 9.6% Cap Rate

6864 Highway 45 Alt S
West Point, MS 39773


HIGHLIGHTS

  • Long-term tenants which include Little Caesar's Pizza, Cricket Wireless, and an insurance tenant.

OVERVIEW

Excellent diversified investment opportunity. This three-unit commercial building is leased to three long-term tenants which include Little Caesar's Pizza, Cricket Wireless, and an insurance tenant. Total monthly rent of $3,800, or $45,600 per year. Cricket and Little Caesar's are on double net leases, responsible for their pro-rata share of taxes and maintenance. All tenants have multiple renewal options remaining and cover their own maintenance including hvac replacement/repair. Landlord covers insurance. Dynamic high traffic corner location in the heart of the Hwy 45 Alt commercial corridor. 23,000 cars per day benefit this established location, at the NE corner of Hwy 45 Alt and W Broad St, at a signalized intersection. Across the street from McDonald's, The First Bank, CVS, China Buffet, and Jack's. Annual Taxes: $5,737.04 (Per lease, the majority of taxes are paid by tenant.) Annual Insurance: Estimated at $4,000

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

9.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

21,008 SF

ZONING

-

APN/PARCEL ID

082D115B-0160000

ASK ABOUT THIS PROPERTY

Jane Anna WaideFarmer Commercial PropertiesMore Info
662-268-8025

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Jane Anna WaideFarmer Commercial PropertiesMore Info
662-268-8025

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