Property summary
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.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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