8200 Midsouth dr - Supermarket FOR SALE
Olive Branch, MS 38654 |
$4,600,000 USD
512-729-6323
8200 Midsouth dr
Olive Branch, MS 38654
HIGHLIGHTS
- Prime Location: Situated on 2.76 Acres With a Gross Leasable Area of 38,330 SF, the Center Benefits From High Visibility
- Located on High Traffic Cockrum Road (22,843 VPD), Providing Easy Access to Route 78 (34,521 VPD)
- Strong Occupancy: The Property Features a 97% Occupancy Rate, Supported By a Diverse Tenant Mix
- Attractive CAP Rate: Day One CAP Rate of 8.50%
- Olive Branch is a Fast-Growing City Within the Memphis Metro Area, Offering Investors Access to a Robust Economic Hub
- The City’s Population Grew By 23% From 2020 to 2024, With a Median Household Income of $93,762
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 38,330 SF Mid South Center Located at 8200 Mid South Drive in Olive Branch, MS. The Property Features a 97% Occupancy Rate, Supported By a Diverse Tenant Mix.
In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616
FOR SALE DETAILS
PRICE
$4,600,000 USD
PRICE/SF
$109 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mid South Center - Olive Branch, MS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.06 AC
LAND SF
133,294 SF
ZONING
C-2
APN/PARCEL ID
1068338140000100
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512-729-6323
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512-729-6323
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