915 Highway 82 Indianola, MS 38751
This exceptional investment opportunity presents a fee-simple, net-leased storefront property located at 915 Highway 82 W, Indianola, MS 38751. The 7,300 square foot building, constructed in 2014, sits on a 1.85-acre lot and is currently occupied by a credit-rated Flowers Foods under a NN+ lease with over five and a half years remaining on the initial fifteen-year term. The lease includes scheduled 5% rental increases every five years throughout the initial term and at the 5-year renewal option, providing consistent income growth. The property generates a substantial net operating income (NOI) of $95,127, resulting in a 5.50% cap rate based on the asking price of $1,729,583. Landlord responsibilities are minimal under the terms of the net lease. Adding to the property's value is a separate billboard lease generating an additional $3,000 annually. The tenant, Flowers Foods, boasts an investment-grade credit rating of BBB- from S&P, ensuring financial stability and reduced risk. This centrally located property in Sunflower County offers a secure, high-yield investment with significant long-term potential. The property's strong tenant, favorable lease terms, and substantial NOI make it an attractive addition to any portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.