416 18th Ave Meridian, MS 39301-5216

Property Details for 416 18th Ave

Year built

1955

Lot size

1.28 lot acres

Property size

15,912 SF

Property type

Medical offices

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.