106 Stribling Drive Brookhaven, MS 39601
This prime commercial real estate asset represents a unique investment opportunity with a compelling financial profile. The property, covering 4, 856 square feet on a 1-acre site (Lot 3C), is fully occupied, ensuring immediate and consistent revenue. It boasts an average capitalization rate of 6% over the initial term, underpinned by a 7-year lease agreement with 5 and a half years remaining. The lease includes advantageous 2% annual rent escalations during both the base and option terms, enhancing cash flow potential and providing a hedge against inflation.Strategically located for maximum visibility, the property features a 100 ft Interstate Pylon sign, making it prominently visible from Interstate 55. This high-profile positioning near major commercial entities like Home Depot, a Honda dealership, and Stribling Equipment significantly enhances its value proposition. Constructed in 2015, the asset offers contemporary facilities with minimal maintenance needs, making it an attractive proposition for investors seeking a balance of security and growth potential in the commercial real estate market.
- Property TypeCommercial
- NeighborhoodN/A
- CountyLincoln
- Taxes$21,801
- HOA/Condo/Coop Fees$0
- Days on Site136 Days
- MLS StatusActive
- MLS ID Number4068823
- Home Size Source N/A
- Year Built2015
- Lot Size0.98 Acres
- Full Baths2
- Partial BathsN/A
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