Hajoca Corporation
Tupelo, MS
Key Details
| Price: | $1,273,077 |
|---|---|
| Cap Rate: | 6.31% |
| Annual Rent: | $80,340 |
| Address: | 203 East Elizabeth Street, Tupelo, Mississippi 38804 |
| Property Type: | Industrial |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 1/1/2023 |
| Lease Expiration: | 12/31/2032 |
| Lease Term Remaining: | 8.1 Years |
| Rental Increases: | 3.00% Annually |
| Lot Size: | 2.16 Acres |
| Building Size: | 23,572 SF |
| Year Built: | 1940 |
| Year Renovated: | 1990 |
NNN Pro is pleased to present the exclusive listing for a Hajoca Corporation located at 203 East Elizabeth Street, Tupelo, Mississippi 38804. The site consists of roughly 23572 rentable square feet of building space on an estimated 2.16-acre parcel of land. This Hajoca Corporation is subject to a 10-year Triple Net (NNN) lease, which commenced 1/1/2023. The current annual rent is $80,340 and has scheduled increases of 3.00% Annually.
About the Investment
- Annual Rental Increases Lease includes 3.00% annual rental increases to hedge against inflation.
- Absolute Triple-Net (NNN) Lease Zero landlord responsibilities.
- Corporate Guarantee Lease is guaranteed by a strong corporate entity, Hajoca Corporation, which currently operates over 700 locations.
Key Details
| Price: | $1,273,077 |
|---|---|
| Cap Rate: | 6.31% |
| Annual Rent: | $80,340 |
| Address: | 203 East Elizabeth Street, Tupelo, Mississippi 38804 |
| Property Type: | Industrial |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 1/1/2023 |
| Lease Expiration: | 12/31/2032 |
| Lease Term Remaining: | 8.1 Years |
| Rental Increases: | 3.00% Annually |
| Lot Size: | 2.16 Acres |
| Building Size: | 23,572 SF |
| Year Built: | 1940 |
| Year Renovated: | 1990 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Mark Masino
mmasino@nnnpro.com
License: NY: 10401324426
Madison O'Connor
moconnor@nnnpro.com
License: NY: 10401324427
Broker of Record
Brian Brockman
Bang Realty of Mississippi, Inc
License: 21542
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.