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Absolute NNN Tire Retail Property
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604 Springridge Rd, Clinton, MS 39056

Long-term absolute NNN lease with 13+ years remaining and corporate guarantee from Mavis Tire.

Property SizeContact for details
Days on Market123

Property Features for 604 Springridge Rd

General Information

Standard status Active
Property subtype Retail

Additional Details

Cap Rate 5.6%

Building Details

Tenancy Single
Listing Agency: Molyneaux Group
Listed By: Doug Molyneaux, CCIM 228.273.1660 · License #MS 21811
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 2:40AM

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 Molyneaux Group

Investment Insights

Based on property information with market context.

This NNN property is offered with a tenant in place operating under an absolute NNN lease with zero landlord responsibilities. The investment includes a long-term lease with more than thirteen plus years remaining in the initial term and a blended 5.6% cap rate for that initial period.

The lease structure provides four additional 5-year renewal options, each with 10% increases. The tenant’s obligations are supported by a corporate guarantee from Mavis Tire, described as the largest independent tire dealer in the U.S., with over 1,150 locations. The property is located at 604 Springridge Rd, Clinton, MS 39056.

Key Highlights

  • Tenant operates under an absolute NNN lease with zero landlord responsibilities
  • More than 13 years remaining on the long‑term lease, plus 4 additional 5‑year renewal options
  • Renewal options include 10% increases with each 5‑year extension

Property Analytics

Current Use

Mavis Tires & Brakes Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Hair Salon Auto Repair Shop Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

569
Businesses Nearby

Demographics for 39056, MS

27,346
Population
11,334
Households
2.4
Avg Household Size
38
Median Age
48%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
505
Density / Sq Mi
$71,864
Median Household Income
$46,577
Median Earnings
$1,135
Median Rent
$220,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
NNN property - Long-term absolute NNN lease with 13+ years remaining and corporate guarantee from Mavis Tire.
Where is this nnn property located?
The property is located at 604 Springridge Rd Clinton, MS.
What are key features of this property?
This property features: Tenant operates under an absolute NNN lease with zero landlord responsibilities; More than 13 years remaining on the long‑term lease, plus 4 additional 5‑year renewal options; Renewal options include 10% increases with each 5‑year extension
More about this property
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