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2776 Highway 51
Senatobia, MS 38668

$878,000 USD

Medical For Sale  •  10,800 SF

Property Details

  • Property Type Medical
  • Total Building Size 10,800 SF
  • Lot Size 1.34 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 8.50 %
  • Tenancy Single
20 Walk Score

Highlights

The premises are 100% occupied by the State of Mississippi's Division of Medicaid, a government tenant operating the property as a regional Medicaid.
Flat base rent of $107,460 annually ($8,95 per month, $9.95 PSF) across 10,800 rentable SF. The tenant furnishes all utilities & janitorial services.
Positioned at 2776 Highway 51 South in Senatobia, directly on the US-51 corridor that parallels I-55, the primary north-south artery.
Roughly a 40-minute drive north via I-55 to Memphis International Airport (MEM), the 2nd busiest cargo airport in the world.
Senatobia is the county seat of Tate County (2025 population ~28,700) and the 16th-largest municipality in the Memphis MSA.
Cap Rate: 8.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Medicaid Plaza 10,800 SF 8/31/2028

Amenities

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Signage
  • Kitchen
  • Reception
  • Central Heating
  • Demised WC facilities
  • Open-Plan
  • Partitioned Offices
  • Drop Ceiling
  • Monument Signage
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Memphis International 48 min - 35.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Alexandra Anttila 754-216-1154 Sands Investment Group
Alexandra Anttila 754-216-1154 Sands Investment Group