Investment Property For Sale 12% CAP

Overview

  • Updated On:
  • October 30, 2024
  • 21,115.00 ft2
  • acre symbol
  • 2.8 acres
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  3. Investment Property for Sale 12% Cap

Investment Property for Sale 12% Cap

$ 1,550,000
119 W Presley Blvd,
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Description

Great investment opportunity and ROI in McComb, Mississippi. 100% occupied 4 tenant, 22,115 SF commercial building generates $214,200 of gross income and a 12% CAP!! Tenants and percentage of lease space include Quipt Home Medical (55%), Horizon Hospice (25%), Tobacco shop (14%) and Summit Financial (6%). Quipt, Horizon, and Summit have been tenants for many years and have renewed leases as required. The 2.8 acre property has excellent street frontage and visibility on Presley Blvd / Hwy 98 just west of the intersection of Presley Blvd/Hwy 98 & Hwy 51. Leases are 3 years and available upon request. Located across the street from the entrance to a large shopping center complex and also within 500′ of national brands such as KFC, Church’s Chicken, Subway, CitiTrends, Family Dollar, Dollar General, Sunflower, Advanced Auto Parts, and several convenience stores.

PROPERTY FEATURES:

4 Tenant Commercial Building
3 Year Leases
12% CAP Rate
Long Term Tenants
22,115 SF
High Traffic Location
Low Maintenance Exterior
Dependable Cash Flow

Property Address

Address: 119 W Presley Blvd
City:
State/County:
Zip: 39648
Country: United States
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Property Details

Property Id : 146164
Price: $ 1,550,000
Property Size: 21,115.00 ft2
County: Pike County
Lot Size (AC): 2.80000
Year Built: 1965
Listing ID: 23042-42221
Office ID: 2376
Listing Address: 119 W. Presley Blvd.

Patrick Gibson

Gibson Real Estate, Inc. - Southern States Realty
Call Office(601) 250-0017
Call Mobile(601) 248-9232
patricklgibson@gmail.com
www.mccomb-ms-real-estate.com

Contact Me

Call (601) 248-9232 WhatsApp

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Patrick Gibson