Midas for Sale in Hattiesburg, MS
Hattiesburg, MS
Key Investment Metrics
Price
$1,590,910
Cap Rate
6.6%
Net Operating Income
$105,000
Building Size
7268 SF
Land Area
0.68 Acres
Remaining Term
20.3 years
Lease Expiration
04/30/2046
Lease Term
20.0 years
Lease Commencement
04/13/2026
Lease Type
Absolute NNN
Year Built
1974
Tenancy
Single
Rent Increases
10% Every 5 Years; 6/1/2031
Property overview
Midas in Hattiesburg
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,268 SF
- Land area
- 0.68 acres
- Year built
- 1974
- Lease type
- Absolute NNN
- Lease expiration
- 04/30/2046
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.