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635 Mississippi 1
Greenville, MS 38701
Asking Price
$1.45M
Cap Rate
6.08%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Retail | 6.08% CAP | 31,503 SqFt <ul><li>Anchored by three tenants: Beauty Supply, Nail Pro, and Govt Services</li><li>72% Occupied</li><li>Multiple retailers located nearby including: Pizza Hut, Old Miss, River City Furniture, and Walgreens</li><li>Value-Add Opportunity: 8,742 SF of vacant space (Suites 641 and 645) available at attractive, below-market gross rents</li><li>Sale Price: $1,450,000</li><li>Stabilized NOI: $159,869</li><li>In-Place NOI: $88,101</li></ul>
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NOI
$80,000
Cap Rate
5.52%
DSCR
0.93
Underwater
Cash-on-Cash
-1.40%
Monthly Payment
$7,173.809
Annual Cash Flow
$-6,085.706
