306 Sunflower Rd Cleveland, MS 38732
- Retail space
- 26,308 SF
Current Use by Public Records
- Retail space
Property Details for 306 Sunflower Rd
- Year built
- 1970
- Property size
- 26,308 SF
- Property type
- Retail space
- APN
- 33-21-030-17-00100-
- APU
- 33210301700100
Description
This exceptional investment opportunity presents a single-tenant, 84,095 square foot storefront located at 306 E Sunflower Rd, Cleveland, MS 38732. The property boasts a 100% occupancy rate with Tractor Supply, the largest rural lifestyle retailer in the U.S., under a lease with 11 years remaining. Situated on a 20,369 square foot lot on bustling Sunflower Road, between Memphis, TN and Jackson, MS, this property benefits from high visibility and convenient access. The building is in excellent condition and enjoys proximity to major national retailers like Walgreens and Kroger, as well as the Grammy Museum. The asking price is $2,417,963, representing a price per square foot of $28.75 and a compelling 5.79% cap rate. This single-story building offers a stable, passive income stream with minimal landlord responsibilities and significant potential for long-term growth. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for those seeking a secure and high-return opportunity in the Mississippi retail market. This is a rare chance to acquire a well-established, high-performing retail asset with substantial upside.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Bolivar
- State
- Mississippi
- Longitude
- -90.7191
- Latitude
- 33.747
- CBSA code
- 17380
- CBSA name
- CLEVELAND, MS MICROPOLITAN STATISTICAL AREA
