For Sale
$1,550,000

119 Presley Blvd McComb, MS 39648

12% Cap Rate, 4-Tenant Property

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 100% occupied, four-tenant commercial building totaling 22,115 square feet, situated on approximately 2.8 acres in McComb, Mississippi. The property, located at 119 W Presley Blvd, boasts a strong 12% capitalization rate and a substantial net operating income (NOI) of $186,341. The asking price is $1,550,000, translating to $70.09 per square foot. Built in 1965 and renovated in 1995, the single-story building features stucco siding, a standing seam metal roof, and commercial-grade gutters. The interior comprises sheetrock walls, suspended ceilings, and fluorescent lighting, with ADA-compliant bathrooms. The property benefits from excellent street visibility on Presley Blvd/Hwy 98, offering high traffic exposure. Tenants include Quipt Home Medical (55% of space), Horizon Hospice (25%), a tobacco shop (14%), and Summit Financial (6%). Three of the four tenants have long-standing occupancy and have consistently renewed their three-year leases, which include rent bumps. The property includes 80 parking spaces and is zoned C-2. Its prime location is across from a major shopping center and within close proximity to numerous national retail brands, ensuring consistent foot traffic and strong tenant demand. This core investment property is offered as a 1031 exchange opportunity. Lease agreements are available upon request.

Highlights

  • 100% occupied, four-tenant commercial building totaling 22,115 square feet on 2.8 acres in McComb, MS.
  • Strong 12% capitalization rate and $186,341 NOI; asking price $1,550,000 ($70.09/SF).
  • Single-story building (1965 construction, 1995 renovation) with stucco siding, metal roof, and 80 parking spaces; C-2 zoning.
  • Excellent visibility on Hwy 98, across from a major shopping center.
  • Tenants include Quipt Home Medical (55%), Horizon Hospice (25%), a tobacco shop (14%), and Summit Financial (6%); three tenants have long-term leases with rent bumps; 1031 exchange opportunity.

Property Details for 119 Presley Blvd

Property type
Lifestyle centers, Power centers
Square Feet
22,115 SF
Year Built/Renovated
1965/1995
Buildings
1
Stories
1
Lot Size (sq. ft)
108,900 SF
Units
1

Location Insight

City
McComb
County
Pike
State
Mississippi
Latitude
31.229105346613
Longitude
-90.45536784476

FAQs

What type of property is this?
Lifestyle center - 12% Cap Rate, 4-Tenant Property
Where is the lifestyle center located?
The property is located at 119 Presley Blvd McComb, MS.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 100% occupied, four-tenant commercial building totaling 22,115 square feet on 2.8 acres in McComb, MS.; Strong 12% capitalization rate and $186,341 NOI; asking price $1,550,000 ($70.09/SF).; Single-story building (1965 construction, 1995 renovation) with stucco siding, metal roof, and 80 parking spaces; C-2 zoning.
How can I contact the broker?
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119 Presley Blvd
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