1613 Adams St Fulton, MS 38843-9000

This exceptional retail investment opportunity presents a 3,470 square foot AutoZone building situated at 1613 S Adams St, Fulton, Mississippi, 38843. The property boasts a strong financial performance, with a Net Operating Income (NOI) of $30,000 and a 6.50% cap rate. Currently operating under a ground lease with a corporate guarantee from AutoZone, the lease expires December 1, 2029, providing a remaining term of five years. Built in 1998, this well-maintained building enjoys 100% occupancy and a strategic location ensuring high visibility and significant vehicle traffic. The property features 28 parking spaces and is priced at $461,538.46, translating to $133.01 per square foot. This turnkey investment is ideal for those seeking a stable, high-return retail asset in a thriving market. The tenant, AutoZone, has a first right of refusal to purchase the property. The ground lease also expires December 1, 2029. This presents a compelling opportunity for investors seeking a secure and profitable addition to their portfolio. The property's prime location and established tenant history make it a truly attractive investment prospect.