106 Stribling DrBrookhaven, MS 39601

Property Details for 106 Stribling Dr

Year built

2015

Property size (Sq ft)

4,998 SF

Property type

Turn key restaurants

APN

B77-14 -2 -021.07

APU

B7714202107

Description

This exceptional Brookhaven retail property presents a compelling investment opportunity. The 4,856 square foot building sits on a 0.98-acre lot (Lot 3C) and is currently fully occupied, generating immediate income. A 7-year lease agreement, with 5.5 years remaining, provides consistent cash flow, further enhanced by a 2% annual rent escalation built into both the initial and option periods. This offers a strong hedge against inflation and ensures growing returns. The property's strategic location provides unparalleled visibility, boasting a 100-foot Interstate pylon sign directly visible from Interstate 55. This high-traffic location is complemented by its proximity to major commercial establishments including Home Depot, a Honda dealership, and Stribling Equipment, maximizing exposure and foot traffic. Constructed in 2015, the building is in excellent condition, requiring minimal maintenance, and offers contemporary facilities. The property's average capitalization rate over the initial lease term is 6%, making it an attractive investment for those seeking a balance of security and significant growth potential within the commercial real estate sector. The asking price is $1,556,000.

Location Insight

City

Brookhaven

County

Lincoln

State

Mississippi

Latitude

31.5794

Longitude

-90.4763

CBSA code

15020

CBSA name

BROOKHAVEN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].