Property profile

2222 W Main St Tupelo, MS 38801

FOR LEASE
Turn key restaurants
Property ID
US50-0500127
3,101 SF 0.79 ac lot Built 2000
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 3,111 square foot retail building, situated on a 0.79-acre lot in Tupelo, Mississippi, presents a unique investment opportunity. Built in 2000 and renovated in 2023, the single-story structure boasts a brick and masonry exterior with an enamel metal hip roof. The building features a spacious layout including a large showroom/eating area, a fully equipped kitchen with a vent-a-hood and pizza oven, and two ADA-compliant restrooms. Additional amenities include a cooler room, water fountain, and ample natural light from three sides of windows. The interior finishes include sheetrock walls, 9-foot suspended ceilings, and a combination of carpet and quarried tile flooring. The property includes 42 parking spaces, a front and side sidewalk, a side canopy, and a drive-through window. The building is well-maintained and landscaped, featuring a lighted street-side pole sign. Located on a five-lane arterial street with approximately 22,000 vehicles passing daily, this property benefits from high visibility and accessibility. Its proximity to a Walmart Supercenter further enhances its desirability. The property is zoned for mixed-use commercial, allowing for flexibility in future uses, such as office or retail space. The annual property taxes were $12,773.42, with a cost per square foot of $4.11. City 3-phase power is available. The building is currently vacant and ready for immediate occupancy. Owner will consider offers.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2000
Total area 3,101 SF
Lot 0.79 ac (34,199 SF)
APN 077P-35-013-00
UPID US50-0500127

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2222 W Main St Tupelo, MS 38801
Tupelo metro Census 950602 TUPELO, MS MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$680k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2019
Price N/A
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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