4900 Getwell RdSouthaven, MS 38672

  • Other commercial real estate
  • 12,442 SF
For Sale
$4,362,000 View listing

Property Details for 4900 Getwell Rd

Year built
2019
Construction
BRICK
Lot size
1.34 AC
Property size (Sq ft)
12,442 SF
Zone code
PUD
Property type
Other commercial real estate
APN
2-07-2-10-29-0-00002-00
APU
2072102900000200

Description

This exceptional investment opportunity presents a fee-simple interest in a 11,992-square-foot, Class A daycare center in Southaven, Mississippi. The property, built in 2019, is situated on a 1.34-acre lot at 4900 Getwell Road, a prime retail corridor experiencing significant growth. Currently 100% occupied by KinderCare Learning Center under a NNN lease with 9.4 years remaining (expiring 03/31/2034), featuring 2% annual rent bumps. The lease provides a stable, long-term income stream with minimal landlord responsibilities. The property boasts a strong 6.75% cap rate and a substantial NOI of $294,398. Southaven's robust population growth (90% increase since 2000) and its proximity to Memphis, TN, contribute to a high demand for childcare services. The property benefits from its location near the $200+ million Silo Square mixed-use development and other Class A retail establishments. This investment offers a compelling combination of strong cash flow, long-term lease security, and significant upside potential in a rapidly expanding market. The property is a single-story building with one unit. The asking price is $4,362,000, translating to a price per square foot of $363.74.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,051,946
    Hospitality
    $1,879,572
    Educational
    $1,563,782
    Medical
    $1,617,562
    Retail
    $2,432,549
4900 Getwell Rd, Southaven, Mississippi

Location Insight

City
Southaven
County
Desoto
State
Mississippi
Latitude
34.9319
Longitude
-89.9361
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$25,482
-
-
$176,030
-
$229,536
$944,001
$1,173,537

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