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29825456
29825520

1634 MS-1, Greenville, MS 38701

AS
MS B-24238
The hospitable agents
Listed by The hospitable agents
$350,000
105 days on market
Updated 66 days ago

Endcap Space

Details
Property Type Retail
Sub Type Day Care/Nursery, Pharmacy/Drug (+1)
Units 2
Cap Rate 7%
NOI $24,500
Occupancy 50%
Tenancy Single
Lease Type NNN
Lease Term 1.1
Lease Expiration 01/31/2027
Remaining Term 0.7
Lease Options renew
Pro-Forma Cap Rate 17.43%
Pro-Forma NOI $61,000
Class C
Year Built 1972
Year Renovated 2023
Acreage 1.300
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/10/2026

Retail | 7.00% CAP

Marketing description

This versatile property features 4,593 SF of upgraded commercial space, perfectly suited for owner-occupiers or investors. Currently, 1,400 SF is leased to a long-term national insurance tenant on a triple net lease, providing stable, reliable income, while 3,200 SF is vacant and move-in ready. The roof was been completely redone with a warranty that transfers.

The building offers modern amenities, including:

• Security cameras for peace of mind

• Newly upgraded features throughout

• New roof with warranty

• One water meter and separate electric services

The vacant side is ideal for office or retail use, featuring:

• Break room and private bathroom

• Multiple offices

• Upstairs storage

• Conference room

• Shared, welcoming foyer

Additionally, the property includes an extra one-acre lot across the street, perfect for storage, expansion, or fencing in for added security.

Located in a high-traffic area directly across from Chick-fil-A, this property benefits from excellent visibility and accessibility.

This combination of long-term income, turnkey vacant space, expansion potential, and prime location makes it a rare opportunity in the market.

Investment highlights

Rental Income Annual Monthly Lease expiration

Tenant 1 $24,276.00

$ 2,023.00

Tenant 2 (pro forma) $38, 400

$ 1$3200.00

$

Gross Rental Income $24,276.00

Expenses

Building Repair 500.00

$ estimated (only expense. last year was install of cameras and painting parking lot)

Management (5%) $1,213

$ estimated (we self managed)

Maintenance $960.00 (landscaping)

$ actual

$

Total Expenses $2673

Net Operating Income $21, 603

All information is from sources considered reliable, it is not

guaranteed by the brokerage or its agents.

Listing Contacts

AS
MS B-24238
The hospitable agents
Listed by The hospitable agents

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$24,500.00
$2,041.67/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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