80 Veterans Memorial DrKosciusko, MS 39090

Property Details for 80 Veterans Memorial Dr

Year built

2003

Lot size

2.44 AC

Property size (Sq ft)

7,042 SF

Property type

Office properties

APN

1305 222 A 0002003

APU

1305222A0002003

Description

This fee-simple office building in Kosciusko, Mississippi presents a compelling investment opportunity. The 6,700 square foot property, built in 2003, is currently 100% occupied by the Social Security Administration under a modified lease. The building features a masonry structure, a recently installed HVAC unit (2023), and landlord-controlled programmable thermostats, reflecting a commitment to high-quality maintenance. The property sits on a 2.44-acre lot with 38 parking spaces and benefits from a prime location serving Attala and Holmes counties, with the nearest comparable SSA office over 35 miles away. The current lease with the Social Security Administration expires August 31, 2023, followed by a new 10-year lease (5-year firm term) commencing September 2, 2024. This provides investors with a stable, long-term cash flow stream backed by a credit-rated tenant (AA+ S&P rating). The asking price is $1,841,000, representing a 7.75% capitalization rate and a price per square foot of $274.78. The property's strong tenant, excellent condition, and strategic location make it an attractive addition to any portfolio seeking stable, government-backed income. The Net Operating Income (NOI) is $142,665. This single-tenant, stabilized investment offers a secure and predictable return.

• CAP approach

  CAP return

  Valuation

  6%

  $1,113,912

  6.5%

  $1,028,226

  7%

  $954,782

• Comparable approach

  Method

  Valuation

  Relative Method

  $512,547

  Geo Method

  $1,373,612

• Alternative Use

  Use

  Valuation

  Residential

  $1,275,000

  Hospitality

  $1,167,894

  Educational

  $971,674

  Medical

  $1,005,091

  Retail

  $1,511,493

Location Insight

City

Kosciusko

County

Attala

State

Mississippi

Latitude

33.0626

Longitude

-89.5738

Property Tax & Assessments

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