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Smile Doctors 2500 Military Rd

3,500 SF 100% Leased Office Building Columbus, MS 39705 £708,886 (£203/SF) 8.12% Net Initial Yield

Investment Highlights

  • High Quality Construction Office — Smile Doctors’ condo is within a 2005 construction property. The building is 20,000 SF and 100% leased
  • Ideal Target Market for Smile Doctors — The property provides immediate access to recurring patient bases for Smile Doctors
  • Hwy-82 — Markets like Columbus pull patients from as far as 40 miles away from the property.
  • Sticky Investment — Dental practices rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving
  • Ideal 1031 Exchange Property — With a long-term, passive lease, this property is ideal for buyers in a 1031 exchange

Executive Summary

Broker of Record | Phillip Carpenter | License No. 18906 (MS) | (601) 957-100 | Carpenter Properties, Inc. | 1437 Old Square Road, Suite 104 Jackson, MS 39211

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,500 SF
Building Class
C
Year Built
2005
Price
£708,886
Price Per SF
£203
Net Initial Yield
8.12%
NOI
£57,573
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
19,000 SF
Building FAR
0.04
Lot Size
2.00 AC
Parking
10 Spaces (2.86 Spaces per 1,000 SF Leased)

Links

1 of 1
(310) 955-1774

Contacts

  • Listing ID: 26479180

  • Date on Market: 28/07/2022

  • Last Updated:

  • Address: 2500 Military Rd, Columbus, MS 39705

The Office Property at 2500 Military Rd, Columbus, MS 39705 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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