Listed by Speed Commercial Real Estate
$950,000
Westside Cove
Details
Property Type Retail
Sub Type Storefront
Square Footage 7,550
Net Rentable (SqFt) 7,550
Units 6
Cap Rate 7.21%
NOI $68,462
Tenancy Multi
Lease Type Modified
Price per SqFt $126
Class B
Year Built 2000
Buildings 6
Stories 1
Acreage 0.930
Zoning C2
Parking Spaces 14 spaces
Parking per 1,000 SqFt 1.85
Ground Lease No
Sale Condition For sale by owner
Retail | 7.21% CAP | 7,550 SqFt
Marketing description
Prime retail investment opportunity. This offering contains 7550 square feet of leased retail space over 3 buildings situated on an entrance to the local Walmart Superstore. The modified gross leases in place afford plenty of opportunity to increase the NOI by raising rents to match those of other surrounding retail centers. Located just a few miles from the Jackson International Airport.
Investment highlights
Prime retail investment opportunity. This offering contains 7550 square feet of leased retail space over 3 buildings situated on an entrance to the local Walmart Superstore. The modified gross leases in place afford plenty of opportunity to increase the NOI by raising rents to match those of other surrounding retail centers.
Listing Contacts
Listed by Speed Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,462.00
$5,705.17/mo
Valuation Metrics
0
DSCR
7.21%
Cap Rate
7.21%
ROI
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