Current Use by Public Records
- Physicians Urgent Care of Corinth / Medical Clinic
- Dr. Patrick Tucker / Physician
- Bradley Dillon / Physician
- Jason Martin / Physician
- Jacqueline Fraiser / Physician
Property Details for 2601 Getwell Rd
- Lot size
- 1.78 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a 15,251 square foot, single-story medical office building located at 2601 Getwell Rd, Corinth, MS 38834. The property boasts a Class C rating and sits on a 1.78-acre lot. Currently 100% occupied since January 1, 2022, by Physicians Urgent Care & OrthoXpress under a 10-year Absolute NNN lease with two five-year renewal options, providing a strong, stabilized income stream. The lease includes 10% rent bumps in each option period. The building offers a compelling 8.00% cap rate with a Net Operating Income (NOI) of $180,000 and an asking price of $2,250,000 ($147.53/sq ft). The property benefits from its strategic location between US Hwy 45 and Lee Hwy, high-traffic thoroughfares with 17,000 and 30,000 vehicles per day respectively. The tenants are established, multi-location medical groups with a long history in the region, ensuring a stable and reliable tenant base. This investment offers a secure, long-term opportunity in a growing market, with the added benefit of a highly desirable medical tenant profile. The lease commenced January 1, 2022, and expires December 31, 2031, leaving 7.1 years remaining on the initial lease term.
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
- CORINTH
- County
- Desoto
- State
- Mississippi
- Longitude
- -89.938
- Latitude
- 34.8975
