Mission Critical State Government Leased Single Tenant Office Investment | 6.8% Cap Rate | Jackson, Mississippi

Description

Opportunity to acquire a long term leased single tenant property with a high-credit, mission-critical tenant- Child Protection Services Headquarters

• 10 year lease term remaining with no termination rights
• 100% occupied single tenant
• High credit tenant - AA Standards & Poors rating
• Rent increase of $149,033 January 2024 (7.4% cap rate)
• Extensive renovations and capital improvements completed
• Future upside potential, current rent is only $11.83/SF
• Acquire below replacement costs at only $139/SF
• Favorable lease - Tenant pays utilities and janitorial directly
• Appraised for $25,100,000 in 2018


Do not disturb tenant. Shown by appointment only.

Bull Realty Mississippi License Number: 19258