Property profile

6052 Us-98 Hattiesburg, MS 39402

OFF-MARKET
Retail properties & Spaces
3,500 SF 0.61 ac lot Built 2023
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 3,500 square foot, newly constructed Aspen Dental property located at 6052 US-98, Hattiesburg, Mississippi. The property is situated on a 0.61-acre lot and benefits from a brand new 10-year triple-net (NNN) lease with Aspen Dental, the largest and fastest-growing network of branded dental offices globally. The lease features built-in rent escalations every five years. The tenant is responsible for all operating expenses, including common area maintenance (CAM), property taxes, and insurance. This is a low-maintenance, high-return investment with a strong cap rate of 6.23% and a current net operating income (NOI) of $147,000. The property's prime location on US Highway 98 (53,000 vehicles per day) is an outparcel of a Walmart Supercenter, adjacent to a newly constructed Aldi, and across from a Target-anchored power center. Hattiesburg's robust economy, driven by healthcare, education, and military sectors, provides long-term market stability. The city's rapid growth, ranking 16th nationally from 2016-2022, further enhances the investment's potential. The property is surrounded by over two million square feet of retail space, including major national retailers like Lowe's, Kohl's, Petsmart, Dick's Sporting Goods, TJ Maxx, Sam's Club, Academy Sports, Ulta, and Ross. The asking price is $2,359,550, representing a price per square foot of $674.16. This is a compelling investment opportunity in a thriving market with a recession-resistant tenant and a long-term lease.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2023
Total area 3,500 SF
Lot 0.61 ac (26,572 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6052 Us-98 Hattiesburg, MS 39402
Hattiesburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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