For Sale
$2,275,555

406 Enterprise DrOxford, MS 38655

6,400 SF, 7.39% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 6,400 square foot executive office building, located at 406 Enterprise Dr, Oxford, MS 38655, is offered for sale at $2,275,555. Built in 2024, this single-story building boasts a 100% occupancy rate with a current NNN lease in place for 10 years, commencing October 31, 2023, and expiring October 30, 2033. The property enjoys a prime location within the Oxford Commons master-planned community, a thriving development featuring residential, retail, and commercial spaces. Oxford Commons offers high visibility with three major access points: Highway 7, Highway 30, and Sisk Avenue. The building's proximity to Oxford Square, the new Oxford High School, and the University of Mississippi ensures high demand and strong tenant interest. The surrounding area includes a significant number of new homes, a new high school campus, and various hospitality options, including hotels and a convention center. This presents a compelling investment opportunity with a projected 7.39% cap rate. The property is currently 100% occupied, with the occupancy date set for February 1, 2024. This is a rare opportunity to acquire a high-performing asset in a rapidly growing market.

Highlights

  • 6,400 SF executive office building for sale at $2,275,555.
  • Located at 406 Enterprise Dr, Oxford, MS 38655, in the Oxford Commons master-planned community.
  • 10-year NNN lease in place, 100% occupancy, commencing October 31, 2023.
  • Prime location with high visibility, near major highways and Oxford Square.
  • Surrounded by new residential development, a new high school, and hospitality options.

Property Details for 406 Enterprise Dr

Property type
Office properties
Square Feet
6,400 SF
Year Built
2024
Stories
1

Location Insight

City
Oxford
County
Lafayette
State
Mississippi
Latitude
34.3722603
Longitude
-89.49718
406 Enterprise Dr, Oxford, Mississippi

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406 Enterprise Dr
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