Property summary
This exceptional investment opportunity presents a single-tenant, Class A medical office building totaling 5,500 square feet, situated on a 15,000-square-foot lot in Ocean Springs, Mississippi. Constructed in 2021, the property boasts a modern design and is currently 100% occupied under a triple-net (NNN) lease with a prominent healthcare provider. The lease commenced March 1, 2021, and has a remaining term of approximately 6.3 years, extending to February 28, 2031, with two five-year renewal options. The building features 19 parking spaces and offers a strong net operating income (NOI) of $132,000, resulting in a compelling 7.14% capitalization rate. The asking price is $1,850,000, translating to $336.36 per square foot. This stabilized investment presents a low-maintenance, high-return opportunity in a prime medical location, benefiting from its proximity to key healthcare facilities and a growing market. The property's single-tenant occupancy and long-term lease provide significant stability and predictable cash flow for investors. The building's modern construction and excellent condition further enhance its appeal. This is a turnkey investment ready for immediate income generation.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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