For Sale
$699,000

5752 Terry RdByram, MS 39272

Mississippi retail center, high NOI, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 9,520 square foot, multi-tenant retail building situated on a 0.93-acre lot in Byram, Mississippi. Built in 1998, the property boasts a strong 10.10% cap rate and a substantial net operating income (NOI) of $70,560, with an asking price of $699,000 ($73.42/sq ft). Currently housing a restaurant and nail salon, both with long-term tenancy (11 and 15 years respectively, occupying 3,248 sq ft), and offering 6,272 sq ft of readily leasable space. The property benefits from a high-traffic location, with over 10,000 vehicles per day (VPD) on Terry Road and over 22,000 VPD on Siwell Road, and is situated near a corporate-owned Dollar General. The average household income within a three-mile radius exceeds $82,000 annually. The property is being sold "as-is," and tenants have a 30-day lease cancellation clause upon sale. This presents a compelling opportunity for investors seeking a stable, high-performing retail asset in a desirable location. The building is a single-story structure. This is a net lease investment. The property is located at 5752 Terry Rd, Byram, MS 39272.

Highlights

  • 9,520 SF multi-tenant retail building on a 0.93-acre lot in Byram, MS.
  • Property is being sold "as-is."
  • Built in 1998, the building sits on 0.93 acres.
  • Asking price: $699,000 ($73.42/SF), offering a 10.10% cap rate.
  • 6,272 SF of available leasable space.
  • Adjacent to a corporate-owned Dollar General.

Property Details for 5752 Terry Rd

Property type
Retail properties, Retail space
Square Feet
9,520 SF
Year Built
1998
Buildings
1
Stories
1
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Byram
County
Hinds
State
Mississippi
Latitude
32.1880594
Longitude
-90.2578045
5752 Terry Rd, Byram, Mississippi

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5752 Terry Rd
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