4900 Getwell RdSouthaven, MS 38672
- Other commercial real estate
- 12,442 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].