3975 Highway 82 W - Service Station FOR SALE
Leland, MS 38756 |
$850,000 USD
972-755-5205
3975 Highway 82 W
Leland, MS 38756
HIGHLIGHTS
- New 15-Year Absolute Net Lease with Two Percent Annual Rental Escalations Starting in Year Four
- Excellent Access and Visibility on Highway 82, Where Traffic Counts Exceed 19,162 Vehicles per Day
- Large 2.85 Acre Parcel with Ample Parking and Multiple Access Points
- Recent Remodel and Updated Branding in 2024
- Surrounding Retailers in the Area Include Walmart Supercenter, Lowe’s, McDonald’s, Subway, Chick-fil-A, Wendy’s and More
OVERVIEW
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Valero Gas Station & C-Store in Leland, MS. The property consists of a 3,375-square-foot, freestanding building that sits on approximately 2.85 acres of land. There are 14.7 years remaining on the lease with two rental increases every 4 years.
FOR SALE DETAILS
PRICE
$850,000 USD
PRICE/SF
$252 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Valero Gas Station & C-Store
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
12
LAND DETAILS
LAND ACRES
2.85 AC
LAND SF
124,146 SF
ZONING
C-4
APN/PARCEL ID
248900000
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972-755-5205
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972-755-5205
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