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Medical Office Sale Leaseback
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117 Fairfield Dr, New Albany, MS 38652

Brick medical office with asphalt parking and a long-term absolute NNN lease.

Property SizeContact for details
Days on Market143

Property Features for 117 Fairfield Dr

General Information

Standard status Active
Property subtype Office

Additional Details

Highway Access Yes

Building Details

Construction brick
Tenancy Single
Listing Agency: Randall Commercial Group, LLC
Listed By: Port Campany · License #MS 23097
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 4:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Randall Commercial Group, LLC

Investment Insights

Based on property information with market context.

This medical office property in New Albany is housed in a brick building with a shingled roof and asphalt parking. The practice represents one of two locations and is associated with four total providers.

The property sits at 117 Fairfield Dr, just off Interstate 22 and .5 miles from Baptist Memorial Hospital - Union County. At closing, the tenant will execute a 10-year Absolute NNN lease with 2.00% annual increases and Five (5), Five (5) year renewal options.

Key Highlights

  • 10‑year Absolute NNN lease at closing with 2.00% annual increases
  • Five (5), Five (5) year renewal options
  • .5 miles from Baptist Memorial Hospital - Union County

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store HVAC Service Skin Care Clinic Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

505
Businesses Nearby
Well-served
Demand for This Use

Demographics for 38652, MS

16,657
Population
6,977
Households
2.4
Avg Household Size
40
Median Age
19%
College-Educated
80%
High-School Grad
154.4 sq mi
ZIP Area
108
Density / Sq Mi
$54,321
Median Household Income
$36,359
Median Earnings
$918
Median Rent
$162,400
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Brick medical office with asphalt parking and a long-term absolute NNN lease.
Where is this medical office space located?
The property is located at 117 Fairfield Dr New Albany, MS.
What are key features of this property?
This property features: 10‑year Absolute NNN lease at closing with 2.00% annual increases; Five (5), Five (5) year renewal options; .5 miles from Baptist Memorial Hospital - Union County
(901) 674-2761 Call to check price and availability
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