000 Sisk Avenue Ave - Bank FOR SALE


Oxford, MS 38655
$2,142,222 USD
662-234-4044
000 Sisk Avenue Ave, Oxford, MS for Sale
$2,142,222 USD
Bank - FOR SALE
1/4
null | 4.5% Cap Rate

000 Sisk Avenue Ave
Oxford, MS 38655


HIGHLIGHTS

  • Established Tenant: The Citizens Bank of Philadelphia, a Mississippi banking corporation (Citizens Bank is an insured member of the FDIC
  • The Citizens Bank of Philadelphia is owned by a one-bank, publicly traded holding company Citizens Holding Company (NASDAQ:CIZN) (Source: https://www.
  • Passive Investment: 25-Year Initial Ground Lease with 10% rent increases every five (5) years during the initial term and each option
  • Booming Commercial Thoroughfare: Located in the rapidly growing east side of Oxford, MS, the Oxford Commons master-planned development with premiere n

OVERVIEW

Randall Commercial Group, LLC is pleased to offer for sale this Ground Lease Investment Opportunity located on Sisk Avenue South in Oxford, MS, a growing and newly constructed commercial thoroughfare surrounded by several premiere national retailers. The investment opportunity is fully leased to The Citizens Bank of Philadelphia, Mississippi's 7th largest bank with over 26 locations across the Southeast. The immediate area has experienced significant growth in recent years with the development of new schools, retailers, student housing, hotels, professional offices, restaurants, senior living communities, high-end residential subdivisions, and mixed-use projects as part of the Oxford Commons Master-Planned Development. Oxford is home to the University of Mississippi which has recently set records for growth and enrollment.

FOR SALE DETAILS

PRICE

$2,142,222 USD

PRICE/SF

$282 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

The Citizens Bank // 25-Year NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

-

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

135J-22-002.15

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.