416 18Th AveMeridian, MS 39301

Property Details for 416 18Th Ave

Year built

1955

Lot size

1.28 AC

Property size (Sq ft)

15,912 SF

Property type

Medical offices

Property subtype

Medical centers

APN

84181348601000100

APU

84181348601000100

Description

This exceptional investment opportunity presents a single-tenant, net-leased office and retail property totaling 16,800 square feet, situated on a 1.36-acre lot in Meridian, Mississippi. The property, built in 1955, is currently 100% occupied by KEDPLASMA, a leading global plasma collection company, under a lease commencing July 1, 2017, and expiring June 30, 2032. This provides a substantial remaining lease term of approximately 7.6 years. The lease includes a corporate guaranty from KEDPLASMA LLC, offering significant security for investors. Rent increases are built into the lease, with a 10% escalation every five years, ensuring consistent income growth. Four five-year renewal options further enhance the long-term value of this investment. The property boasts a strong 8.00% cap rate and a Net Operating Income (NOI) of $272,291. Its strategic location along 18th Avenue, just three blocks south of two major medical centers (Anderson Regional Medical Center and Oscher Rush Medical Center), and minutes from Interstate 20 (40,000 vehicles per day), provides excellent visibility and accessibility. The area also benefits from proximity to numerous retail establishments, including Lowe's, Walmart, Sam's Club, and others, serving a population exceeding 35,800 within a five-mile radius. The e-commerce resistant nature of the tenant's business adds to the investment's stability and long-term potential. This is a rare opportunity to acquire a high-performing, net-leased asset with a strong tenant, significant lease term, and built-in rent growth. The asking price is $3,403,632.

• CAP approach

  CAP return

  Valuation

  6%

  $2,667,234

  6.5%

  $2,462,062

  7%

  $2,286,201

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,184,471

  Geo Method

  $3,103,795

• Alternative Use

  Use

  Valuation

  Residential

  $3,052,958

  Hospitality

  $2,796,493

  Educational

  $2,326,649

  Medical

  $2,406,666

  Retail

  $3,619,232

Location Insight

City

Meridian

County

Lauderdale

State

Mississippi

Latitude

32.3662

Longitude

-88.6954

CBSA code

32940

CBSA name

MERIDIAN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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