1008 S STATE ST

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1008 S STATE ST

CLARKSDALE, MS 38614
Asking Price
$1.15M
Cap Rate
8%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

2021 Retrofit | 8% CAP RATE <p><strong style="color: rgba(6, 34, 57, 1)">Lease & Location:</strong></p><ul><li>​<strong style="color: rgba(14, 26, 52, 1)">Corporate Lease with T-Mobile:</strong><span style="color: rgba(14, 26, 52, 1)"> Over six years remaining on a 10-year absolute NNN lease with T-Mobile, a leading national wireless carrier.</span></li><li>​<strong style="color: rgba(14, 26, 52, 1)">2021 Retrofit: </strong><span style="color: rgba(14, 26, 52, 1)">The property was fully retrofitted in 2021 to meet T-Mobile

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NOI
$80,000
Cap Rate
6.95%
DSCR
1.17
Tight
Cash-on-Cash
3.38%
Monthly Payment
$5,694.396
Annual Cash Flow
$11,667.244

Location & Travel Times