This exceptional investment opportunity presents a single-tenant, net-leased office and retail property totaling 16,800 square feet, situated on a 1.36-acre lot in Meridian, Mississippi. The property, built in 1955, is currently 100% occupied by KEDPLASMA, a leading global plasma collection company, under a lease commencing July 1, 2017, and expiring June 30, 2032. This provides a substantial remaining lease term of approximately 7.6 years. The lease includes a corporate guaranty from KEDPLASMA LLC, offering significant security for investors. Rent increases are built into the lease, with a 10% escalation every five years, ensuring consistent income growth. Four five-year renewal options further enhance the long-term value of this investment. The property boasts a strong 8.00% cap rate and a Net Operating Income (NOI) of $272,291. Its strategic location along 18th Avenue, just three blocks south of two major medical centers (Anderson Regional Medical Center and Oscher Rush Medical Center), and minutes from Interstate 20 (40,000 vehicles per day), provides excellent visibility and accessibility. The area also benefits from proximity to numerous retail establishments, including Lowe's, Walmart, Sam's Club, and others, serving a population exceeding 35,800 within a five-mile radius. The e-commerce resistant nature of the tenant's business adds to the investment's stability and long-term potential. This is a rare opportunity to acquire a high-performing, net-leased asset with a strong tenant, significant lease term, and built-in rent growth. The asking price is $3,403,632.
Highlights
E-commerce-resistant, essential business use.
Kedplasma, a major US plasma collection company with 70+ centers nationwide, occupies the space.
Seven+ years remaining on the primary lease term.
Corporate lease guarantee from Kedplasma LLC.
10% rental escalations every five years.
Three blocks from Anderson Regional Medical Center (260 beds) and Oscher Rush Medical Center (215 beds).
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Contacts
Randy Blankstein
Jimmy Goodman
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416 18Th Ave, Meridian, Mississippi, 39301
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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416 18Th Ave
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