Income Producing Industrial Property - Flowood, Mississippi

Highlights:

• NNN investment opportunity in Rankin County
• +/- 11,656 SF on +/- 1.68 acres (Zoned C-3)
• Great access to highway(s) 49, 80 and I-55

Description:

Located in Flowood, Mississippi with easy accessibility to Highway(s) 49, 80, and Interstate 55 - Payne Realty is offering for sale this triple net leased investment opportunity. This property is currently leased to a credit tenant who is currently has roughly 21 months remaining on their lease agreement. The lease is a triple net lease with the tenant incurring costs of all operating expenses, there are very few landlord responsibilities that are detailed in the lease agreement. The property consists of a +/- 4,058 square foot, fully renovated office building as well as a +/- 7,598 square foot office warehouse building all on +/- 1.68 acres (including lay down yard space). The property is fully fenced with electric gate access. Priced at $1,311,315 this reflects a 7.75% cap rate on the in-place income. Please call our office for more information on this opportunity. All information is from sources considered reliable; it is not guaranteed by the real estate brokerage.

Taking the Flowood exit off of I-55, head North on Highway 49/Flowood Drive, cross Highway 80 and take a left on Old Brandon Road. Take your left at Old Hwy 49 and property will be on your left before the bridge overpass.