137 Pineview Dr, Flowood, MS 39232
- Retail space
- 510 SF
- 1.16 lot acres
Current Use by Public Records
- Retail space
Property Details for 137 Pineview Dr
- Year built
- 2023
- Lot size
- 1.16 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
Exceptional investment opportunity: a 20-year net lease on a 7 Brew Coffee drive-thru in Flowood, Mississippi. This 510 square foot building, constructed in 2023, sits on a sizable 1.16-acre lot at 137 E Pineview Dr, 39232, within a rapidly expanding mixed-use development. The property boasts a 6.50% cap rate and a substantial $125,000 annual net operating income (NOI). The lease, commencing August 1, 2023, and expiring August 1, 2043, includes four 5-year renewal options and features a 10% rent increase every five years, ensuring consistent income growth. The tenant, 7 Brew, is backed by a corporate guarantee, mitigating risk. The location is prime, situated on Lakeland Drive, a major east-west corridor with over 38,000 vehicles per day, providing excellent visibility and accessibility. This affluent area, just five miles from Jackson, MS, has an average household income exceeding $115,000 within a 5-mile radius. The property benefits from its inclusion in a larger 100+ acre development, further enhancing its long-term value and potential. The unique 7 Brew business model, focused solely on drive-thru service, generates over $2.4 million in annual revenue. This is a rare opportunity to acquire a high-performing asset in one of Mississippi's fastest-growing areas. The asking price is $1,923,000, representing a price per square foot of $3,770.59.
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Location Insight
- Map
- Local Demand
- City
- Flowood
- County
- Rankin
- State
- Mississippi
- Longitude
- -90.0214802
- Latitude
- 32.3557171
