Current Use by Public Records
- Retail properties & Spaces
Property Details for 5752 Terry Rd
- Year built
- 1998
- Lot size
- 0.93 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 9,520 square foot, multi-tenant retail building situated on a 0.93-acre lot in Byram, Mississippi. Built in 1998, the property boasts a strong 10.10% cap rate and a substantial net operating income (NOI) of $70,560, with an asking price of $699,000 ($73.42/sq ft). Currently housing a restaurant and nail salon, both with long-term tenancy (11 and 15 years respectively, occupying 3,248 sq ft), and offering 6,272 sq ft of readily leasable space. The property benefits from a high-traffic location, with over 10,000 vehicles per day (VPD) on Terry Road and over 22,000 VPD on Siwell Road, and is situated near a corporate-owned Dollar General. The average household income within a three-mile radius exceeds $82,000 annually. The property is being sold "as-is," and tenants have a 30-day lease cancellation clause upon sale. This presents a compelling opportunity for investors seeking a stable, high-performing retail asset in a desirable location. The building is a single-story structure. This is a net lease investment. The property is located at 5752 Terry Rd, Byram, MS 39272.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Byram
- County
- Hinds
- State
- Mississippi
- Longitude
- -90.2578
- Latitude
- 32.1881
