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MACH-1 EXPRESS WASH 2200 S Harper Rd

5,200 SF Retail Building Corinth, MS 38834 £3,666,930 (£705/SF) 7.35% Net Initial Yield

Investment Highlights

  • The subject property qualifies for Bonus Depreciation (please discuss with your accountant for more information).
  • Absolute NNN Lease with zero Landlord Responsibilities.
  • Located directly across the street from a Walmart Supercenter.
  • 2022 BTS construction for Mach-1 Car Wash.
  • 20-year lease with attractive 1.50% annual rent increases for the entirety of the lease (includes option periods).
  • Corporately guaranteed lease from Mach One, Inc., the lease is also accompanied by a single entity guaranty as well as a person guaranty.

Executive Summary

Phillip Carpenter
License No. C-11708 (MS)
(866) 889-0550
Carpenter Properties, Inc.
1437 Old Square Road,
Suite 104 Jackson, MS 39211

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,200 SF
Building Class
B
Year Built
2008
Price
£3,666,930
Price Per SF
£705
Net Initial Yield
7.35%
NOI
£269,519
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
1.22 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

1 of 1

Nearby Major Retailers

Bestway Rent-To-Own
Krystal
ALDI
Cadence Bank
Renasant Bank
McAlister's Deli
Checkers
1st Heritage Credit

PROPERTY TAXES

Parcel Number 0904-18-2D-00115 Improvements Assessment £0
Land Assessment £0 Total Assessment £52,797

PROPERTY TAXES

Parcel Number
0904-18-2D-00115
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£52,797
(214) 692-2289

Contact

  • Listing ID: 33777269

  • Date on Market: 06/11/2024

  • Last Updated:

  • Address: 2200 S Harper Rd, Corinth, MS 38834

The Retail Property at 2200 S Harper Rd, Corinth, MS 38834 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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© 2024 CoStar Group

MACH-1 EXPRESS WASH | 2200 S Harper Rd
(214) 692-2289 x

MACH-1 EXPRESS WASH | 2200 S Harper Rd

Josh Bishop

(214) 692-2289

(214) 692-2289

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