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Renasant Bank | 7yrs Remain Corp Abs NNN 3101 Highway 80 E

5,401 SF Retail Building Pearl, MS 39208 £797,679 (£148/SF) 6% Net Initial Yield

Investment Highlights

  • Approximately 7 Years Remaining | Corporate Signed |Strong Visibility & Access
  • McLaurin Mart (168,000 SF) | Outlets of MS (300K SF) |Eastgate Village Center (106,000 SF) | Primary Retail Corridor
  • Absolute NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Renasant Bank investment property located in Pearl, Mississippi. The tenant, Renasant Bank has approximately 7 years remaining on their current lease term, demonstrating their commitment to the site. The lease is corporate signed and is absolute NNN leased with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
5,401 SF
Building Class
C
Year Built
1990
Price
£797,679
Price Per SF
£148
Net Initial Yield
6%
NOI
£47,857
Tenancy
Single
Number of Floors
1
Building FAR
0.23
Land Acres
0.53 AC
Opportunity Zone
Yes
Zoning
C-2 - General Commercial District
Parking
10 Spaces (1.85 Spaces per 1,000 SF Leased)
Frontage
114 ft on Us-80 Hwy

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Drive Thru

Nearby Major Retailers

Waffle House
Bestway Rent-To-Own
Regions Bank
Renasant Bank
1st Heritage Credit
Planet Fitness
Kroger
Rent-A-Center
Krystal
ColorTyme

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
E08Q-000013B-00000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£212,854
  • Listing ID: 34048481

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: 3101 Highway 80 E, Pearl, MS 39208

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