2601 Getwell Rd CORINTH, MS 388346762

Property Details for 2601 Getwell Rd

Lot size

1.78 lot acres

Property size

15,251 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

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.

Location Insight

City

CORINTH

County

Desoto

State

Mississippi

Longitude

-89.938

Latitude

34.8975