915 Highway 82Indianola, MS 38751

Property Details for 915 Highway 82

Year built

2014

Lot size

1.85 AC

Property size (Sq ft)

7,300 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a fee-simple, net-leased storefront property located at 915 Highway 82 W, Indianola, MS 38751. The 7,300 square foot building, constructed in 2014, sits on a 1.85-acre lot and is currently occupied by a credit-rated Flowers Foods under a NN+ lease with over five and a half years remaining on the initial fifteen-year term. The lease includes scheduled 5% rental increases every five years throughout the initial term and at the 5-year renewal option, providing consistent income growth. The property generates a substantial net operating income (NOI) of $95,127, resulting in a 5.50% cap rate based on the asking price of $1,729,583. Landlord responsibilities are minimal under the terms of the net lease. Adding to the property's value is a separate billboard lease generating an additional $3,000 annually. The tenant, Flowers Foods, boasts an investment-grade credit rating of BBB- from S&P, ensuring financial stability and reduced risk. This centrally located property in Sunflower County offers a secure, high-yield investment with significant long-term potential. The property's strong tenant, favorable lease terms, and substantial NOI make it an attractive addition to any portfolio.

Location Insight

City

Indianola

County

Sunflower

State

Mississippi

Latitude

33.4553

Longitude

-90.6715

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