Listed by Encore Enterprises, Inc
$1,200,000
STNL Rootdown Dispensary- Laurel MS
Details
Property Type Retail, Special Purpose
Square Footage 4,856
Cap Rate 6.50%
NOI $87,602
Occupancy 100%
Tenancy Single
Brand/Tenant Good Day Farm
Lease Type NNN
Lease Expiration 09/29/2029
Remaining Term 7
Lease Options 5-Year
Price per SqFt $278
Year Built 2015
Year Renovated 2022
Acreage 0.980
Rent Commencement 09/30/2022
Ground Lease No
STNL with Corporate Guarantee
Marketing description
For Sale
Investment highlights
- Building Size: 4,856 square feet
- Built in 2015 Renovated in 2022
- One of Six Good Day Farm Locations in MS
- 30 Total Locations in AR, MS and MO
- Monument Sign on 16th Avenue
- Median Family Income: $40,283
- Traffic Counts for 16th Avenue: 31,000 VPD
- Traffic Counts for Interstate 55: 75,000 VPD
- South Central Regional Medical Center has 1,500 employees and is 0.33 miles from site
Listing Contacts
Listed by Encore Enterprises, Inc
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$87,602.24
$7,300.19/mo
Valuation Metrics
0
DSCR
7.3%
Cap Rate
7.3%
ROI
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