80 Veterans Memorial Dr Kosciusko, MS 39090-3424
- Office Properties & Spaces
- 7,042 SF
- 2.44 lot acres
Current Use by Public Records
- Social Security Administration / Social Security Office
Property Details for 80 Veterans Memorial Dr
- Year built
- 2003
- Lot size
- 2.44 lot acres
- Property size
- 7,042 SF
- Property type
- Office Properties & Spaces
- APN
- 1305 222 A 0002003
- APU
- 1305222A0002003
Description
This fee-simple office building in Kosciusko, Mississippi presents a compelling investment opportunity. The 6,700 square foot property, built in 2003, is currently 100% occupied by the Social Security Administration under a modified lease. The building features a masonry structure, a recently installed HVAC unit (2023), and landlord-controlled programmable thermostats, reflecting a commitment to high-quality maintenance. The property sits on a 2.44-acre lot with 38 parking spaces and benefits from a prime location serving Attala and Holmes counties, with the nearest comparable SSA office over 35 miles away. The current lease with the Social Security Administration expires August 31, 2023, followed by a new 10-year lease (5-year firm term) commencing September 2, 2024. This provides investors with a stable, long-term cash flow stream backed by a credit-rated tenant (AA+ S&P rating). The asking price is $1,841,000, representing a 7.75% capitalization rate and a price per square foot of $274.78. The property's strong tenant, excellent condition, and strategic location make it an attractive addition to any portfolio seeking stable, government-backed income. The Net Operating Income (NOI) is $142,665. This single-tenant, stabilized investment offers a secure and predictable return.
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
- Kosciusko
- County
- Attala
- State
- Mississippi
- Longitude
- -89.5738
- Latitude
- 33.0626
