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    306 Sunflower Rd Cleveland, MS 38732

    For Sale
    $2,417,963

    High-yield Tractor Supply storefront

    Property size:
    84,095 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a single-tenant, 84,095 square foot storefront located at 306 E Sunflower Rd, Cleveland, MS 38732. The property boasts a 100% occupancy rate with Tractor Supply, the largest rural lifestyle retailer in the U.S., under a lease with 11 years remaining. Situated on a 20,369 square foot lot on bustling Sunflower Road, between Memphis, TN and Jackson, MS, this property benefits from high visibility and convenient access. The building is in excellent condition and enjoys proximity to major national retailers like Walgreens and Kroger, as well as the Grammy Museum. The asking price is $2,417,963, representing a price per square foot of $28.75 and a compelling 5.79% cap rate. This single-story building offers a stable, passive income stream with minimal landlord responsibilities and significant potential for long-term growth. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for those seeking a secure and high-return opportunity in the Mississippi retail market. This is a rare chance to acquire a well-established, high-performing retail asset with substantial upside.

    Property Features for 306 Sunflower Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    84,095 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Tractor Supply Co. storefront in Cleveland, MS, listed at $2,417,963.
    • 84,095 SF single‑tenant retail building on a 20,369 SF lot.
    • 100% occupancy with 11 years remaining on the lease.
    • $28.75/SF price, 5.79% cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bolivar
    State
    Mississippi
    Longitude
    -90.718951762008
    Latitude
    33.747451775611

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Tractor Supply storefront
    Where is this individual retail property located?
    The property is located at 306 Sunflower Rd Cleveland, MS.
    What is the asking price?
    The asking price for this property is $2,417,963.
    What are key features of this property?
    This property features: Tractor Supply Co. storefront in Cleveland, MS, listed at $2,417,963.; 84,095 SF single-tenant retail building on a 20,369 SF lot.; 100% occupancy with 11 years remaining on the lease.
    Request Owner's contact information
    306 Sunflower Rd Cleveland, MS 38732
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    Cleveland, MS 38732
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 Sunflower Rd Cleveland, MS 38732
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