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106 Stribling Drive, Brookhaven, MS – $1,556,000

  • $1.6M Price
  • 2 Baths
  • 4,856 Sqft
  • .98 Acres
  • $1.6M Price
  • 2 Baths
  • 4,856 Sqft
  • .98 Acres

106 Stribling Drive

This prime commercial real estate asset represents a unique investment opportunity with a compelling financial profile. The property, covering 4,856 square feet on a 1-acre site (Lot 3C), is fully occupied, ensuring immediate and consistent revenue. It boasts an average capitalization rate of 6% over the initial term, underpinned by a 7-year lease agreement with 5 and a half years remaining. The lease includes advantageous 2% annual rent escalations during both the base and option terms, enhancing cash flow potential and providing a hedge against inflation.Strategically located for maximum visibility, the property features a 100 ft Interstate Pylon sign, making it prominently visible from Interstate 55. This high-profile positioning near major commercial entities like Home Depot, a Honda dealership, and Stribling Equipment significantly enhances its value proposition. Constructed in 2015, the asset offers contemporary facilities with minimal maintenance needs, making it an attractive proposition for investors seeking a balance of security and growth potential in the commercial real estate market.

Essential Information

  • MLS® #4068823
  • Price$1,556,000
  • Bathrooms2.00
  • Full Baths2
  • Square Footage4,856
  • Acres0.98
  • Year Built2015
  • TypeCommercial Sale
  • Sub-TypeSpecial Purpose
  • StatusActive

Community Information

  • Address106 Stribling Drive
  • CityBrookhaven
  • CountyLincoln
  • StateMS
  • Zip Code39601

Interior

  • CoolingElectric
  • StoriesOne

Exterior

  • WindowsTinted Windows

Lot Description

See Remarks, Airport 3+ Miles, City Lot, Freestanding, Paved

Additional Information

  • Listing OfficeThe Real Estate Group
  • Listing AgentAlex Thompson
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The information being provided by the Central Mississippi MLS, Inc. is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.