Batesville, MS - Panola Medical Center

Description:

SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in an absolute NNN-leased healthcare facility located in Batesville, Mississippi. The property is leased to Progressive Medical Management of Batesville LLC, under a long-term lease with over 18 years remaining, and is backed by a corporate guaranty from Progressive Medical Enterprise LLC, part of Progressive Health Group (PHG), a privately held rural healthcare operator with 400+ employees and a network of five hospitals across Mississippi and Georgia. PHG brings deep sector expertise and operational strength, including eight successful Rural Emergency Hospital (REH) conversions. The lease includes 2% annual rental increases throughout the primary term and renewal options, supporting steady NOI growth and providing a built-in hedge against inflation. With the tenant responsible for all CAM, taxes, insurance, and maintenance, the lease offers a true management-free investment suited for passive or out-of-state ownership.

Strategically positioned next to a high-traffic Walmart Supercenter drawing over 2 million annual visitors, with outparcels including Chili’s, Take 5 Car Wash, and Murphy USA that collectively enhance daily traffic to the area. It is also directly beside the Batesville Civic Center, a major regional event venue drawing consistent community traffic. The site offers excellent visibility and regional access at the intersection of Interstate 55 (22,000 VPD) and U.S. Route 278 (25,000 VPD), two major commercial corridors. As a critical rural healthcare destination, this asset provides long-term stability within a recession-resistant sector, underpinned by essential service demand and favorable reimbursement dynamics.