2615 West Main Street

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2615 West Main Street

Tupelo, MS 38801
Asking Price
$1.24M
Cap Rate
5.25%
Asset Type
Restaurant Retail
Class
Class B

What's Special

Fee-Simple | Low Price Point | Long Term NNN Lease (2042) | 10% Increases | Across from Walmart <p><strong>LOCATION- LOCATED IN THE MAIN RETAIL CORRIDOR OF TUPELO, MS</strong></p><ul><li>​Located in a dense retail corridor across the street from Walmart Supercenter that had 2.1M visitors the last 12 months (per placer.ai)- other national retailers in the immediate area include: Harbor Freight Tools, Dollar Tree, Express Oil Change, Starbucks, McDonald’s, KFC, Taco Bell, Sonic, Wendy’s, and Jack’s</li><li>​Located on W. Main Street that has an average daily traffic count of 23,000</li><li>​

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NOI
$80,000
Cap Rate
6.48%
DSCR
1.09
Tight
Cash-on-Cash
1.80%
Monthly Payment
$6,110.106
Annual Cash Flow
$6,678.726

Location & Travel Times