416 18th Ave Meridian, MS 39301-5216
Property Lookup
Property profile & analytics
416 18th Ave Meridian, MS 39301-5216
- Medical Office Space
- 15,912 SF
- 1.28 lot acres
Property ID
US50-0615210
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Immunotek Bio Centers Meridian / Blood Bank / Medical Clinic
- Grifols KEDPLASMA - Plasma Donation Center / Medical Clinic
Property Details for 416 18th Ave
- Year built
- 1955
- Lot size
- 1.28 lot acres
- Property size
- 15,912 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 84181348601000100
- APU
- 84181348601000100
Description
This exceptional investment opportunity presents a single-tenant, net-leased office and retail property totaling 16,800 square feet, situated on a 1.36-acre lot in Meridian, Mississippi. The property, built in 1955, is currently 100% occupied by KEDPLASMA, a leading global plasma collection company, under a lease commencing July 1, 2017, and expiring June 30, 2032. This provides a substantial remaining lease term of approximately 7.6 years. The lease includes a corporate guaranty from KEDPLASMA LLC, offering significant security for investors. Rent increases are built into the lease, with a 10% escalation every five years, ensuring consistent income growth. Four five-year renewal options further enhance the long-term value of this investment. The property boasts a strong 8.00% cap rate and a Net Operating Income (NOI) of $272,291. Its strategic location along 18th Avenue, just three blocks south of two major medical centers (Anderson Regional Medical Center and Oscher Rush Medical Center), and minutes from Interstate 20 (40,000 vehicles per day), provides excellent visibility and accessibility. The area also benefits from proximity to numerous retail establishments, including Lowe's, Walmart, Sam's Club, and others, serving a population exceeding 35,800 within a five-mile radius. The e-commerce resistant nature of the tenant's business adds to the investment's stability and long-term potential. This is a rare opportunity to acquire a high-performing, net-leased asset with a strong tenant, significant lease term, and built-in rent growth. The asking price is $3,403,632.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Meridian
- County
- Lauderdale
- State
- Mississippi
- Longitude
- -88.6954
- Latitude
- 32.3662
- CBSA code
- 32940
- CBSA name
- MERIDIAN, MS MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$34,901
$0.00
$0.00
$196,380
-
$83,640
$1,225,560
$1,309,200
