1395 Johnny Johnson Dr - Office FOR SALE


Brookhaven, MS 39601
$2,466,916 USD
714-875-2400
1395 Johnny Johnson Dr, Brookhaven, MS for Sale
$2,466,916 USD
Office - FOR SALE
1/20
null | 8.35% Cap Rate

1395 Johnny Johnson Dr
Brookhaven, MS 39601


HIGHLIGHTS

  • RECENT 5-YEAR LEASE EXTENSION - A new lease extension has been executed, securing the property through December 31, 2029
  • SUBSTANTIAL 21% RENTAL INCREASE - The lease extension includes a significant 21% increase in rental income
  • 25-YEAR OPERATING HISTORY - The USDA Service Center has been a cornerstone of the Brookhaven community for 25 years
  • HIGH VISIBILITY WITH STRONG TRAFFIC COUNTS - Existing intersection has excellent visibility with upwards of 24,000 Vehicles Per Day
  • STRONG CREDIT TENANT - UNITED STATES GOVERNMENT - The property is leased to the United States Government
  • ESSENTIAL GOVERNMENT SERVICES - The USDA Service Center provides vital agricultural services, ensuring consistent usage

OVERVIEW

Prime Net Lease is pleased to present this 11,248 SF United States Department of Agriculture (USDA) Service Center located in Brookhaven, Mississippi. USDA Service Centers are designed to be a single location where customers can access the services provided by the Farm Service Agency, Natural Resources Conservation Service, and the Rural Development agencies. The subject property is encumbered with a brand new 5-year Gross lease. The property has successfully operated as a USDA Service Center for over 25 years, exercising multiple options and most recently a 5-year renewal with a strong $43,392 (21%) rental increase showing it's continued long term commitment to the site and willingness to invest in the area. This USDA Service Center is highly visible as it is strategically positioned in Brookhaven, Mississippi. Brookhaven is the county seat of Lincoln County, Mississippi, United States, 55 miles south of the state capital of Jackson. Lincoln County comprises the Brookhaven, MS Micropolitan Statistical Area, which is included in the Jackson-Vicksburg-Brookhaven Combined Statistical Area. The county is southwest of the state capital of Jackson. Lincoln County is a great area for industries seeking reasonably priced land, reliable energy resources, great transportation infrastructure, an experienced labor force, high quality of life and modest cost of living. Lincoln County provides ample outdoor opportunities for all adventurers. Brookhaven has a 5-mile population count of 16,854 and an average household income of $58,867. The Brookway Plaza Shopping Center, the Lincoln Plaza Shopping Center, the Village Square Shopping Center and the Westbrook Mart Shopping Center are located in the city. Each year, the city hosts several festivals like the Exchange Club Fair and the Ole Brook Festival. The subject offering represents an ideal opportunity for a 1031 exchange buyer to attain the fee simple ownership of a USDA Service Center. This investment will offer a new owner continued success due to the financial strength and the proven profitability of a U.S. Government tenant.

FOR SALE DETAILS

PRICE

$2,466,916 USD

PRICE/SF

$219 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

USDA Service Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

-

APN/PARCEL ID

B77-14-2-014.01

ASK ABOUT THIS PROPERTY

Paul MatusikPrime Net LeaseMore Info
714-875-2400

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Paul MatusikPrime Net LeaseMore Info
714-875-2400

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