Absolute NNN Gas
For Sale
Contact for pricing
174 COMMERCE ST, Grenada, MS 38901
Single-tenant convenience store with fueling facilities and an absolute NNN lease.
Property Size2,232 SF
Price / SF$784.05
Days on Market69
Property Features for 174 COMMERCE ST
General Information
Standard status
Active
Size
2,232 SF
Property subtype
Retail
Lease Type
NNN
Net Operating Income
$140,004
Additional Details
Traffic Count
14,000 vehicles/day
Fuel Pumps
8
Building Details
Year Built
1988
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Anchor Point Capital
Listed By:
Eric Vu · License #01913407
Source:
Crexi
Added: Jun 23
Changed: Aug 30
Last Checked: Aug 30 at 4:05AM
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 Anchor Point Capital
Investment Insights
Based on property information with market context.
This fee-simple property includes a 2,232-square-foot convenience store and eight fueling lanes. Built in 1988, the asset is positioned at 174 Commerce St in Grenada, Mississippi, and operates as a single-tenant gas station with an absolute NNN lease structure.
The property occupies a signalized hard corner with reported traffic of 14,000 cars per day. Grenada’s employment base includes manufacturing companies and regional rail infrastructure along the I-55 corridor, supporting the area’s industrial transportation network.
A new 20-year lease is scheduled to be executed at close of escrow, with 1.75% annual increases during the primary term and options. SGS Holdings provides the lease guaranty and has approximately 30 units and more than 20 years of operating history. Fee-simple ownership includes both the land and building.
The property occupies a signalized hard corner with reported traffic of 14,000 cars per day. Grenada’s employment base includes manufacturing companies and regional rail infrastructure along the I-55 corridor, supporting the area’s industrial transportation network.
A new 20-year lease is scheduled to be executed at close of escrow, with 1.75% annual increases during the primary term and options. SGS Holdings provides the lease guaranty and has approximately 30 units and more than 20 years of operating history. Fee-simple ownership includes both the land and building.
Key Highlights
- 2,232 SF convenience store with 8 fueling lanes
- Absolute NNN lease with no landlord responsibilities
- New 20‑year lease executed at close of escrow
Property Analytics
Current Use
Lease Details
14,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 38901, MS
18,282
Population
8,831
Households
2.1
Avg Household Size
41
Median Age
26%
College-Educated
85%
High-School Grad
242.0 sq mi
ZIP Area
76
Density / Sq Mi
$46,956
Median Household Income
$31,330
Median Earnings
$811
Median Rent
$139,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Single-tenant convenience store with fueling facilities and an absolute NNN lease.
Where is this gas station located?
The property is located at 174 COMMERCE ST Grenada, MS.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 2,232 SF convenience store with 8 fueling lanes; Absolute NNN lease with no landlord responsibilities; New 20‑year lease executed at close of escrow
