306 Sunflower RdCleveland, MS 38732

Property Details for 306 Sunflower Rd

Year built

1970

Property size (Sq ft)

26,308 SF

Property type

Retail properties

Property subtype

Retail space

APN

33-21-030-17-00100-

APU

33210301700100

Description

This exceptional investment opportunity presents a single-tenant, 84,095 square foot storefront located at 306 E Sunflower Rd, Cleveland, MS 38732. The property boasts a 100% occupancy rate with Tractor Supply, the largest rural lifestyle retailer in the U.S., under a lease with 11 years remaining. Situated on a 20,369 square foot lot on bustling Sunflower Road, between Memphis, TN and Jackson, MS, this property benefits from high visibility and convenient access. The building is in excellent condition and enjoys proximity to major national retailers like Walgreens and Kroger, as well as the Grammy Museum. The asking price is $2,417,963, representing a price per square foot of $28.75 and a compelling 5.79% cap rate. This single-story building offers a stable, passive income stream with minimal landlord responsibilities and significant potential for long-term growth. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for those seeking a secure and high-return opportunity in the Mississippi retail market. This is a rare chance to acquire a well-established, high-performing retail asset with substantial upside.

• CAP approach

  CAP return

  Valuation

  6%

  $5,572,132

  6.5%

  $5,143,506

  7%

  $4,776,113

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,942,980

  Geo Method

  $5,168,448

• Alternative Use

  Use

  Valuation

  Residential

  $4,338,740

  Hospitality

  $3,974,262

  Educational

  $3,306,540

  Medical

  $3,420,257

  Retail

  $5,143,506

Location Insight

City

Cleveland

County

Bolivar

State

Mississippi

Latitude

33.747

Longitude

-90.7191

CBSA code

17380

CBSA name

CLEVELAND, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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