5752 Terry RdByram, MS 39272

Property Details for 5752 Terry Rd

Year built

1998

Lot size

0.93 AC

Property size (Sq ft)

9,520 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Byram

County

Hinds

State

Mississippi

Latitude

32.1881

Longitude

-90.2578

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