Avison Young
Listed by Avison Young - Atlanta, Avison Young
$975,000
Affordable Dentures
Details
Property Type Retail
Sub Type Storefront
Square Footage 2,972
Net Rentable (SqFt) 2,972
Units 1
Cap Rate 7.04%
NOI $68,653
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 27
Lease Expiration 11/29/2030
Remaining Term 4.5
Lease Options None
Price per SqFt $328
Class B
Year Built 2003
Buildings 1
Stories 1
Acreage 0.760
Parking Spaces 32 spaces
Parking Per SqFt 10.77
Investment Type Net Lease
Lease Commencement 07/27/2003
Occupancy Date 07/27/2003
Ground Lease No
Net leased investment opportunity in Flowood, MS
Marketing description
Avison Young is pleased to offer for purchase a medical office building located in Flowood, MS, five miles northeast of Jackson. The property is 2,972 square feet (sf) and is leased to Affordable Dentures and Implants who has approximately 425 locations in 43 states. The tenant has operated successfully in this location for nearly 20 years and recently executed a 5-year lease extension with a 10% rent increase, expressing commitment to this site.
Investment highlights
Newly executed lease extension through 11/30/2030
10% rent increase beginning in 2025 - $68,653.20 NOI
93,566 5-mile population
Average Household Income of $126,897 within one mile
Located within a strong medical/retail corridor with 59,000 VPD
Listing Contacts
Avison Young
Listed by Avison Young - Atlanta, Avison Young
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,653.00
$5,721.08/mo
Valuation Metrics
0
DSCR
7.04%
Cap Rate
7.04%
ROI
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