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151 E Commerce St
Hernando, MS 38632

$1,795,000 USD

Freestanding For Sale  •  2,702 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 2,016 SF
  • Lot Size 0.35 AC
  • Building Class C
  • Year Built 2024
  • Cap Rate 5.35 %
  • Tenancy Single
40 Walk Score

Highlights

Favorable Tenant - Established multistate Dunkin’ Donuts franchisee with over 20 years of experience and continued growth
Fixed Rental Increases - 10% Rental Increases every 5 years
Scheduled Rental Increase in Approximately 3 Years - Increasing Cap Rate to 5.88%
Double Net (NN) Lease - Minimal Landlord responsibilities
Desirable Retail Location - Situated in close proximity to a Kroger Marketplace (with fuel station) anchored shopping center with numerous retailers
Growing, Award Winning Community - Hernando, Mississippi serves as a county seat with top-rated schools, and is a suburb of Memphis, TN

Property Flyers

Financial Summary (Actual)

Net Operating Income: $96,000 USD (2026)
Cap Rate: 5.35 %

Major Tenants

Tenant SF Occupied Lease End Date
Dunkin' 3/31/2039

Public Transportation

AirportDriveWalkDistance
Memphis International 24 min - 18.4 mi
William Davis 901-827-8929 Marcus & Millichap
William Davis 901-827-8929 Marcus & Millichap