106 Stribling Drive Brookhaven, MS $ 1,556,000
106 Stribling Drive
$ 1,556,000
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106 Stribling Drive

Brookhaven, MS, 39601
$ 1,556,000
Baths2.0 Sq 4,856

Monthly Estimate*

$ 10,869

106 Stribling Drive, Brookhaven, MS 39601 - Image 1
Studio

Commercial Property for sale in Brookhaven, MS

for $1,556,000 with 2 full baths. This 4,856 square foot building was built in 2015 on a lot size of 0.98.

This prime commercial real estate asset represents a unique investment opportunity with a compelling financial profile. The property, covering 4,856 square feet on a 1-acre site (Lot 3C), is fully occupied, ensuring immediate and consistent revenue. It boasts an average capitalization rate of 6% over the initial term, underpinned by a 7-year lease agreement with 5 and a half years remaining. The lease includes advantageous 2% annual rent escalations during both the base and option terms, enhancing cash flow potential and providing a hedge against inflation.Strategically located for maximum visibility, the property features a 100 ft Interstate Pylon sign, making it prominently visible from Interstate 55. This high-profile positioning near major commercial entities like Home Depot, a Honda dealership, and Stribling Equipment significantly enhances its value proposition. Constructed in 2015, the asset offers contemporary facilities with minimal maintenance needs, making it an attractive proposition for investors seeking a balance of security and growth potential in the commercial real estate market.

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Commercial Active

Price

$ 1,556,000

Bedrooms

Studio

Full Bath

2

Property Type

Commercial

Taxes

$ 21,801

Style

Special Purpose

Lot Size

0.98

Year Built

2015

Town/City

Brookhaven

County/Region

Lincoln

MLS | Web ID

4068823

Features
General
Cooling Electric
current use Commercial
HOA No
New Construction No
County Lincoln
Levels One
Business Type General Business Medical Retail
Property Type E
Location Airport 3+ Miles City Freestanding Interstate 1 Mile or Less Paved US Highway
Accessibility Features Yes
Tax Year 2022
Status Active
Commercial Features ADA Qualified Delivery Door Dumpster Fire Alarm Fire Sprinkler System Fixtures Inside Storage Public Restroom(s) Security System Smoke Detector(s) Telephone System
Sub Type Special Purpose
Year Built 2015
City Brookhaven
Legal Description LOT 3C OF BROOKWAY COMMERICAL SUB N 1/2 SEC 14 T7 R7 B 1472 P 0796 01/05/2015
Structure Type See Remarks
Street Name Stribling
Flood Insurance Required? No
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Exterior
Lot Features See Remarks
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Interior
Flooring Concrete
Fireplace No
Total Floors 1
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* Excluded Features
List By
Alex Thompson

Listing Agent

The Real Estate Group

Broker

jthompson@mstreg.com

Email

Affordability Calculator

$12,686
Per Month
86%
14%
0%
Monthly Principal & Interest
$10,869
Monthly Property Taxes
$1,817
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1580642 Elementary School
1580615 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/24/2024$1,556,000 Listed Price

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106 Stribling Drive, Brookhaven, MS, 39601 is a Commercial Property for sale at $1,556,000 with 4,856 sqft and a lot size of 0.98. 106 Stribling Drive is a studio with 2.0 baths and was built in 2015. The property's zip code is 39601 which is in Brookhaven, MS