For Sale
$1,729,583

915 Highway 82 Indianola, MS 38751

Net-leased Flowers Foods; 15-year term

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a fee-simple, net-leased storefront property located at 915 Highway 82 W, Indianola, MS 38751. The 7,300 square foot building, constructed in 2014, sits on a 1.85-acre lot and is currently occupied by a credit-rated Flowers Foods under a NN+ lease with over five and a half years remaining on the initial fifteen-year term. The lease includes scheduled 5% rental increases every five years throughout the initial term and at the 5-year renewal option, providing consistent income growth. The property generates a substantial net operating income (NOI) of $95,127, resulting in a 5.50% cap rate based on the asking price of $1,729,583. Landlord responsibilities are minimal under the terms of the net lease. Adding to the property's value is a separate billboard lease generating an additional $3,000 annually. The tenant, Flowers Foods, boasts an investment-grade credit rating of BBB- from S&P, ensuring financial stability and reduced risk. This centrally located property in Sunflower County offers a secure, high-yield investment with significant long-term potential. The property's strong tenant, favorable lease terms, and substantial NOI make it an attractive addition to any portfolio.

Highlights

  • $1,729,583 asking price for this fee simple, net-leased retail storefront.
  • 7,300 square foot building on a 1.85-acre lot, built in 2014.
  • NN+ lease with a credit-rated tenant (S&P rated BBB-), offering a 5.50% cap rate and $95,127 annual NOI.
  • 15-year lease with a 5-year option, including scheduled rent increases and an additional $3,000 annual income from a billboard lease.
  • Located at 915 Highway 82 W, Indianola, MS 38751, offering central access to major cities.

Property Details for 915 Highway 82

Property type
Retail properties, Retail space
Square Feet
7,300 SF
Year Built
2014
Lot Size (sq. ft)
80,586 SF

Location Insight

City
Indianola
County
Sunflower
State
Mississippi
Latitude
33.4553302
Longitude
-90.6714862

FAQs

What type of property is this?
Retail property - Net-leased Flowers Foods; 15-year term
Where is the retail property located?
The property is located at 915 Highway 82 Indianola, MS.
What is the asking price?
The asking price for this property is $1,729,583.
What are key features of this property?
This property features: $1,729,583 asking price for this fee simple, net-leased retail storefront.; 7,300 square foot building on a 1.85-acre lot, built in 2014.; NN+ lease with a credit-rated tenant (S&P rated BBB-), offering a 5.50% cap rate and $95,127 annual NOI.
How can I contact the broker?
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915 Highway 82
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