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Smalls Sliders | New 15-Yr Absolute NNN Lease 109 Pineview Dr 800 SF Retail Building Flowood, MS 39232 $3,489,800 CAD ($4,362.25 CAD/SF) 6% Cap Rate



INVESTMENT HIGHLIGHTS
- Brand New 15-Year SLB | Rental Growth | Options to Extend | Strong Store Performance
- Nearby Kroger & Walmart Anchored Shopping Centers | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN leased Small Sliders investment property located in Flowood, Mississippi. The tenant recently signed a brand new 15-year lease with multiple options to extend, along with a personal guaranty, underscoring their long-term commitment to the site. The lease features 10% rental increases every five years throughout the initial term and at the beginning of each option period, providing a reliable hedge against inflation and steady NOI growth. With an absolute NNN lease structure, the tenant is responsible for CAM, taxes, insurance, and all maintenance, offering investors a truly passive, management-free opportunity ideal for out-of-state ownership.
The subject property is strategically located directly on Highway 25, which sees approximately 35,800 vehicles per day, providing excellent visibility and easy access for both local and regional consumers. Positioned between Kroger- and Walmart-anchored shopping centers, the property benefits from a dense retail corridor that includes high-profile national and credit tenants such as ALDI, Taco Bell, Burger King, Valvoline, Tractor Supply, Walgreens, and more. The 5-mile trade area surrounding the property is robust, with over 57,405 residents and 21,710 employees, and an average household income of $119,666. This combination of strong population, workforce, and household income supports both daytime and evening traffic, while the property’s prime positioning in the heart of a high-performing retail corridor ensures continued consumer engagement. The site is already tracking well above the national Small Sliders average, demonstrating strong operational metrics and confirming its status as a top-performing location within the brand. With long-term lease security, built-in rental growth, and a strategic location, this asset represents an ideal, low-maintenance investment for a passive or out-of-state investor.
The subject property is strategically located directly on Highway 25, which sees approximately 35,800 vehicles per day, providing excellent visibility and easy access for both local and regional consumers. Positioned between Kroger- and Walmart-anchored shopping centers, the property benefits from a dense retail corridor that includes high-profile national and credit tenants such as ALDI, Taco Bell, Burger King, Valvoline, Tractor Supply, Walgreens, and more. The 5-mile trade area surrounding the property is robust, with over 57,405 residents and 21,710 employees, and an average household income of $119,666. This combination of strong population, workforce, and household income supports both daytime and evening traffic, while the property’s prime positioning in the heart of a high-performing retail corridor ensures continued consumer engagement. The site is already tracking well above the national Small Sliders average, demonstrating strong operational metrics and confirming its status as a top-performing location within the brand. With long-term lease security, built-in rental growth, and a strategic location, this asset represents an ideal, low-maintenance investment for a passive or out-of-state investor.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
800 SF
Building Class
C
Year Built
2024
Price
$3,489,800 CAD
Price Per SF
$4,362.25 CAD
Cap Rate
6%
NOI
$209,388 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.55 AC
Zoning
C-3 - General Commercial District
Parking
21 Spaces (26.25 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Gallagher Smalls LLC
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Gallagher Smalls LLC | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
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Smalls Sliders | New 15-Yr Absolute NNN Lease | 109 Pineview Dr
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