2601 Getwell RdCORINTH, MS 388346762

  • Healthcare properties
  • 15,251 SF
For Sale
$2,250,000 View listing

Property Details for 2601 Getwell Rd

Lot size
1.78 AC
Property size (Sq ft)
15,251 SF
Property type
Healthcare properties
Property subtype
Other office properties

Description

This exceptional investment opportunity presents a 15,251 square foot, single-story medical office building located at 2601 Getwell Rd, Corinth, MS 38834. The property boasts a Class C rating and sits on a 1.78-acre lot. Currently 100% occupied since January 1, 2022, by Physicians Urgent Care & OrthoXpress under a 10-year Absolute NNN lease with two five-year renewal options, providing a strong, stabilized income stream. The lease includes 10% rent bumps in each option period. The building offers a compelling 8.00% cap rate with a Net Operating Income (NOI) of $180,000 and an asking price of $2,250,000 ($147.53/sq ft). The property benefits from its strategic location between US Hwy 45 and Lee Hwy, high-traffic thoroughfares with 17,000 and 30,000 vehicles per day respectively. The tenants are established, multi-location medical groups with a long history in the region, ensuring a stable and reliable tenant base. This investment offers a secure, long-term opportunity in a growing market, with the added benefit of a highly desirable medical tenant profile. The lease commenced January 1, 2022, and expires December 31, 2031, leaving 7.1 years remaining on the initial lease term.

2601 Getwell Rd, CORINTH, Mississippi

Location Insight

City
CORINTH
County
Desoto
State
Mississippi
Latitude
34.8975
Longitude
-89.938

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