1613 Adams St, Fulton, MS 38843-9000
- Retail space
- 4,100 SF
- 0.60 lot acres
Current Use by Public Records
- AutoZone Auto Parts / Auto Parts Store
Property Details for 1613 Adams St
- Year built
- 1998
- Lot size
- 0.60 lot acres
- Property type
- Retail space
- APN
- 143-1606-012.08
- APU
- 143160601208
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Fulton
- County
- Itawamba
- State
- Mississippi
- Longitude
- -88.4031
- Latitude
- 34.2469
- CBSA code
- 46180
- CBSA name
- TUPELO, MS MICROPOLITAN STATISTICAL AREA
