Property Details for 1089 Stark Rd

Year built

2008

Property size

6,998 SF

Property type

Office buildings

APN

21121

APU

21121

Description

This exceptional investment opportunity presents a fee-simple ownership of a single-story, 6,998-square-foot office building situated on a 1.17-acre lot in Starkville, Mississippi. Built in 2008, the property is currently 100% occupied by the Social Security Administration (SSA), a tenant with an S&P AA+ investment-grade credit rating. The lease is a gross lease with a current annual net operating income (NOI) of $128,337, representing an attractive 8.50% capitalization rate based on the asking price of $1,509,851 ($215.75 per square foot). The SSA's lease includes a 2018 renewal extending through 2028, with a five-year option for rental increase to $172,926.88. This strategically located property benefits from its proximity to major retail establishments including Kroger, Lowe's, Walmart, and numerous other national brands. Its convenient location near the MS-12/MS-25 interchange (experiencing over 25,000 combined vehicles daily), and 1.5 miles from George M Bryan Public Use Airport, further enhances its appeal. The property's location within a growing office and residential development corridor, coupled with Starkville's thriving community (including Mississippi State University with over 25,000 students and staff), makes this a compelling investment prospect. The daytime population within a 5-mile radius exceeds 57,700. The nearest SSA location is a 30-minute drive away in Columbus, MS. This build-to-suit property offers a stable, high-quality income stream with significant long-term potential.

Location Insight

City

Starkville

County

Oktibbeha

State

Mississippi

Longitude

-88.846

Latitude

33.4552

CBSA code

44260

CBSA name

STARKVILLE, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments