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106 Stribling Drive

Brookhaven, MS 39601
  • $1,556,000
  • STATUS: Active
  • ON SITE: 84 Days
  • MLS #: 4068823
$1,556,000
  • 0
    BEDS
  • 0.98
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 4,856
    SQFT
  • $320
    $/SQFT
Type:
Commercial
Built:
2015
County:
Area:

School Ratings & Info

Description

This prime commercial real estate asset represents a unique investment opportunity with a compelling financial profile. The property, covering 4,856 square feet on a 1-acre site (Lot 3C), is fully occupied, ensuring immediate and consistent revenue. It boasts an average capitalization rate of 6% over the initial term, underpinned by a 7-year lease agreement with 5 and a half years remaining. The lease includes advantageous 2% annual rent escalations during both the base and option terms, enhancing cash flow potential and providing a hedge against inflation.Strategically located for maximum visibility, the property features a 100 ft Interstate Pylon sign, making it prominently visible from Interstate 55. This high-profile positioning near major commercial entities like Home Depot, a Honda dealership, and Stribling Equipment significantly enhances its value proposition. Constructed in 2015, the asset offers contemporary facilities with minimal maintenance needs, making it an attractive proposition for investors seeking a balance of security and growth potential in the commercial real estate market.

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Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams MS Gulf Coast. Data last updated: 2024-04-03T23:57:53.537.
www.southmsgulfcoasthomes.com/homes/146868216
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106 Stribling Drive Brookhaven, MS 39601

  • Price: $1,556,000
  • Status: Active
  • On Site: 84 Days
  • MLS #: 4068823
0
Beds
2
Baths
0
½ Baths
0.98
Acres
4,856
SQFT
$320
$/SQFT
2015
Built
County:
Lincoln
Area:
Brookhaven
Property Description
This prime commercial real estate asset represents a unique investment opportunity with a compelling financial profile. The property, covering 4,856 square feet on a 1-acre site (Lot 3C), is fully occupied, ensuring immediate and consistent revenue. It boasts an average capitalization rate of 6% over the initial term, underpinned by a 7-year lease agreement with 5 and a half years remaining. The lease includes advantageous 2% annual rent escalations during both the base and option terms, enhancing cash flow potential and providing a hedge against inflation.Strategically located for maximum visibility, the property features a 100 ft Interstate Pylon sign, making it prominently visible from Interstate 55. This high-profile positioning near major commercial entities like Home Depot, a Honda dealership, and Stribling Equipment significantly enhances its value proposition. Constructed in 2015, the asset offers contemporary facilities with minimal maintenance needs, making it an attractive proposition for investors seeking a balance of security and growth potential in the commercial real estate market.
Exterior Features

Levels One

Interior Features

Cooling Electric Flooring Concrete Lighting FluorescentIncandescentSecuritySee Remarks Walls Interior Sheetrock

Property Features

Accessibility Features YN Yes Approx Age Code Under 10 Years Auction No Business Type General BusinessMedicalRetail Commercial Features ADA QualifiedDelivery DoorDumpsterFire AlarmFire Sprinkler SystemFixturesInside StoragePublic Restroom(s)Security SystemSmoke Detector(s)Telephone System Community Of N/A Current Use Commercial Divisible No Expenses Include See Remarks Flood Insurance Required No Leasehold YN No Location Airport 3+ MilesCityFreestandingInterstate 1 Mile or LessPavedUS Highway Lot Features See Remarks New Construction No Possible Use See Remarks Price Includes Building and Land Property Sub Type Special Purpose Sale Options Build-Outs Square Footage Description Retail Bldg 2500-5000 SF Tax Annual Amount 21801.00 Tax Year 2022

Listing information © 2024 MLS United.
Listing provided courtesy of J. Alex Thompson of The Real Estate Group: (228) 234-5663.



Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams MS Gulf Coast. Data last updated: 2024-04-03T23:57:53.537.
 
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