For Sale
$1,509,851

1089 Stark RdStarkville, MS 39759

100% Occupied, 8.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership of a single-story, 6,998-square-foot office building situated on a 1.17-acre lot in Starkville, Mississippi. Built in 2008, the property is currently 100% occupied by the Social Security Administration (SSA), a tenant with an S&P AA+ investment-grade credit rating. The lease is a gross lease with a current annual net operating income (NOI) of $128,337, representing an attractive 8.50% capitalization rate based on the asking price of $1,509,851 ($215.75 per square foot). The SSA's lease includes a 2018 renewal extending through 2028, with a five-year option for rental increase to $172,926.88. This strategically located property benefits from its proximity to major retail establishments including Kroger, Lowe's, Walmart, and numerous other national brands. Its convenient location near the MS-12/MS-25 interchange (experiencing over 25,000 combined vehicles daily), and 1.5 miles from George M Bryan Public Use Airport, further enhances its appeal. The property's location within a growing office and residential development corridor, coupled with Starkville's thriving community (including Mississippi State University with over 25,000 students and staff), makes this a compelling investment prospect. The daytime population within a 5-mile radius exceeds 57,700. The nearest SSA location is a 30-minute drive away in Columbus, MS. This build-to-suit property offers a stable, high-quality income stream with significant long-term potential.

Highlights

  • $1,509,851 asking price for a 6,998 SF single-tenant office building.
  • 8.50% cap rate with a $128,337 NOI.
  • 100% occupancy with the Social Security Administration (SSA) as tenant; a strong investment-grade credit tenant.
  • Located on a 1.17-acre lot in Starkville, MS, built in 2008.
  • Excellent location near major retail and highway access.
  • Close proximity to Mississippi State University.

Property Details for 1089 Stark Rd

Property type
Office properties
Square Feet
6,998 SF
Class
C
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
50,965 SF

Location Insight

City
Starkville
County
Oktibbeha
State
Mississippi
Latitude
33.45502847
Longitude
-88.84534626
1089 Stark Rd, Starkville, Mississippi

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1089 Stark Rd
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