For Sale
$11,500,000

301 Brooks St Pelahatchie, MS 39145

169,043 SF, 15-Year NNN Lease, 8.82% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 15-year absolute net sale-leaseback of a five-building industrial portfolio totaling 169,043 square feet. The portfolio is primarily situated in the Jackson, Mississippi market, with one building located in Marine City, Michigan. The property features a diverse range of light manufacturing facilities, boasting ceiling heights ranging from 14 to 20 feet. The current tenant, Multicraft, a well-established manufacturer with a strong track record, occupies 100% of the space under a 15-year lease with 3% annual rent increases. The lease includes two five-year renewal options at fair market value. The portfolio generates a substantial net operating income (NOI) of $1,014,258, resulting in an attractive 8.82% capitalization rate. The asking price for this exceptional sale-leaseback opportunity is $11,500,000. The properties are situated on land parcels ranging from 1.11 to 10.17 acres and are zoned for light industrial, limited industrial, or special use, depending on the specific location. Built between 1939 and 2000, these buildings offer a blend of established infrastructure and potential for future expansion. The tenant has no credit rating, but the long-term lease and strong operational history mitigate this risk. This portfolio represents a compelling investment opportunity with significant long-term value and stable cash flow. The portfolio's location offers access to major transportation routes and a skilled workforce. This is a rare opportunity to acquire a high-quality, income-producing industrial portfolio with a long-term, creditworthy tenant.

Highlights

  • $11,500,000 asking price for a 169,043 SF industrial portfolio.
  • 15-year absolute NNN sale-leaseback to Multicraft, a well-established manufacturer with a strong track record.
  • 8.82% cap rate based on a $1,014,258 NOI.
  • Five buildings totaling 169,043 square feet, with ceiling heights ranging from 14' to 20'.
  • Portfolio includes four properties in Rankin County, Mississippi, and one in St. Clair County, Michigan.
  • 100% occupancy with 3% annual rent increases.

Property Details for 301 Brooks St

Property type
Industrial properties, Manufacturing properties
Square Feet
169,043 SF
Year Built
1939
Buildings
5
Stories
1
Lot Size (sq. ft)
48,352 SF

Location Insight

City
Pelahatchie
County
Rankin
State
Mississippi
Latitude
32.317129
Longitude
-89.7999428

FAQs

What type of property is this?
Industrial property - 169,043 SF, 15-Year NNN Lease, 8.82% Cap Rate
Where is the industrial property located?
The property is located at 301 Brooks St Pelahatchie, MS.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: $11,500,000 asking price for a 169,043 SF industrial portfolio.; 15-year absolute NNN sale-leaseback to Multicraft, a well-established manufacturer with a strong track record.; 8.82% cap rate based on a $1,014,258 NOI.
How can I contact the broker?
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301 Brooks St
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