List Search
  • Save

1898 Spillway Rd

Brandon, MS 39047

$2,400,000

Freestanding For Sale  •  16,471 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 16,471 Sq Ft
  • Lot Size 1.84 ac
  • Building Class B
  • Year Built 2011
  • Cap Rate 8.28 %
  • Tenancy Multiple
0 Transit Score
55 Walk Score

Description

INVESTMENT HIGHLIGHTS

- High Quality Construction
- 4 Sided Brick & All Concrete Parking Lot
- New 12 Year Double Net Lease (7 Years Left)
- Excellent Location w/ Ideal Demographics
- NN Lease Minimal Landlord Responsibilities
- Four (4), Five (5) Year Options With Increases at Each
- This Fred' s Store Features a Fully Operational Pharmacy
- 5 Mile Population is Projected to Grow by 6.17% from 2014-2019
- Fred' s Inc. Just Announced that They will be Purchasing 865 Stores and Certain Assets Related to Store Operations From Walgreens and Rite Aid for $950 Million in Cash

LOCATION HIGHLIGHTS

- Population Exceeds 54,000 within a Five Mile Radius of Subject Property
- Average Household Income Exceeds $83,000 within a Five Mile Radius
- Other Retailers in the Area Include Kroger, McDonald' s, Little Caesars, Regions Bank, M&F Bank and Numerous Other Local Retailers

Financial Summary (Actual)

Net Operating Income: $198,720 (2017)
Cap Rate: 8.28 %

Public Transportation

AirportDriveWalkDistance
Jackson–Evers International Airport 18 min - 10.7 mi
Patrick Hammond 248-419-3808 Fortis Net Lease
Patrick Hammond 248-419-3808 Fortis Net Lease