Medical Sale Leaseback – Tupelo, MS — 8% Cap Rate

Property Description

Marketing Package

Randall Commercial Group, LLC is pleased to offer this 3,829 square foot* medical/dental office building occupied by Main Street Family Dentistry for sale as a NNN sale leaseback investment opportunity. The subject property is exceptionally located on the edge of Tupelo’s central business district and ~1 mile for the North Mississippi Medical Center, the largest non-metropolitan hospital in the United States.  The tenant is a very well established practice serving the Tupelo area.  The Seller will execute a 12- year NNN lease at closing with 1.5% annual escalations.

  • Offering Price – $1,340,150
  • Based on 8.00% Cap Rate; 8.69% blended cap rate over the term
  • 12-year lease, commencing at closing
  • Five (5) – five (5) year renewal options
  • 1.5% annual rental escalations during primary term; 5.00% escalations during renewal terms
  • NNN, single tenant investment opportunity
  • Landlord responsible for foundation and loadbearing structure
  • Personal guaranty for initial term.

 

General Info

Category: Recent/Closed Projects

Type: Investment, Office

Price: $1,340,150

Address: 627 West Main Street, Tupelo, MS 38804

Listing Page: Click to View Loopnet Listing Page

Bookmark the permalink.