NewSouth NeroSpine Office Investment NNN Sale Leaseback

Property Description

Randall Commercial Group, LLC is pleased to exclusively offer for sale the NewSouth NeuroSpine Building, a Class A, 60,452 GBA* medical office building and surgical facility. The subject property is currently occupied by NewSouth NeuroSpine, LLC, Mississippi’s Spine Center and is located in the heart of both the Flowood and the Great Jackson Area’s medical community. The facility features 30 exam rooms, digital X-ray, MRI technology, a pain management clinic, physical therapy center equipped with a hydrotherapy pool, and a surgical center covering neurosurgery and orthopedic spine surgery.

Click HERE for Offering Memorandum

Overview – NewSouth NeuroSpine Sale Leaseback

  • Offering Price — $17,940,750
  • Based on 6.00% Cap Rate.
  • 56,665 Lease Square Footage*
  • 3.856 acres**
  • 11 highly trained physicians
  • 2470 Flowood Drive, Flowood, Mississippi
  • 15 year lease, commencing at closing
  • Five (5) – Five (5) year options
  • 1% annual escalations during primary term and renewal options.
  • NNN Single Tenant Investment Opportunity
  • Landlord only responsible for foundation & load-bearing structures.
    *Landlord provided data
    **Acreage provided by tax assessor’s website

General Info

Category: Recent/Closed Projects

Type: Investment, Office

Price: $17,940,750

Address: 2470 Flowood Drive, Flowood, MS 39232

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