For Sale
$2,500,000
1580 Us-72 Corinth, MS 38834
Mississippi QSR, 6.38% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- $2,500,000 asking price for a Starbucks property in Corinth, MS.
- Fee simple ownership of a 2,500 SF, newly constructed (2022) building on a 1.42-acre lot with 42 parking spaces.
- 12.9 years remaining on a 15-year Net Net (NN) lease with a corporate guarantee (S&P: BBB+), featuring 10% rent increases every 5 years and 8% increases at the start of each option period.
- 6 five-year lease options; 100% occupancy; $159,376 NOI; 6.38% cap rate; $1,000/SF price.
- Strategically located on US Hwy 72 (24,000 VPD) in a dense retail corridor with strong national tenants, including Walmart, Aldi, and Walgreens.
Property Details for 1580 Us-72
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,500 SF
- Year Built
- 2022
- Lot Size (sq. ft)
- 61,855 SF
Location Insight
- City
- Corinth
- County
- Alcorn
- State
- Mississippi
- Latitude
- 34.9166148
- Longitude
- -88.5070383
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Mississippi QSR, 6.38% Cap Rate
- Where is the retail property located?
- The property is located at 1580 Us-72 Corinth, MS.
- What is the asking price?
- The asking price for this property is $2,500,000.
- What are key features of this property?
- This property features: $2,500,000 asking price for a Starbucks property in Corinth, MS.; Fee simple ownership of a 2,500 SF, newly constructed (2022) building on a 1.42-acre lot with 42 parking spaces.; 12.9 years remaining on a 15-year Net Net (NN) lease with a corporate guarantee (S&P: BBB+), featuring 10% rent increases every 5 years and 8% increases at the start of each option period.
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