C-Spire Investment Property

Property Description

Randall Commercial Group, LLC is please to exclusively offer for sale these leasehold improvements including a 2,829* square foot retail office building located on Highway 61 in Cleveland, MS> The building was constructed in 1994 specifically for the current tenant, C-Spire Wireless.  A 5-year lease extension was recently exercised and will become effective December 1, 2014.  The improvements are located on a .5 acre ground lease with the Bolivar County School District.  The 99 year ground lease was pre-paid in full and expires in 2070.

The property is located along the busiest commercial corridor in Cleveland, and is in close proximity to national retailers such as Kroger, Super Wal-Mart, and Walgreens.   Exterior and interior renovations of the building were recently completed by C-Spire.  The property has ample parking with over 20 spaces in the front, side, and rear of building.

*Source: Data provided from appraisal

 

General Info

Category: Recent/Closed Projects

Type: Investment

Price: 475,000

Address: Cleveland, MS

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