$1,556,000
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106 Stribling Drive Brookhaven, MS 39601
Other
Residence
Beds
2
Baths
...
Bed/Bath
4,856
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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% ove...r 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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MLS#
4068823
Property Type
Other
Bathrooms
Year Built
2015
Square Feet
4,856
sq. ft
Lot Size
0.98
Stories
1.0
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