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1155 S Gloster St 13,322 SF Flex Building Tupelo, MS 38801 $953,604 CAD ($71.58 CAD/SF) 7.15% Cap Rate
Executive Summary
This property is occupied by a retail FedEx shipping center serving both local businesses and individual customers. In-store offerings include domestic and international shipping, professional packaging, returns processing, passport photo services, and secure document shredding.
Building is a corrugated metal building with a gabled roof constructed on a concrete slab foundation. The retail/office space totals approximately 3,000 square feet on the first floor. The second floor is unfinished space consisting of 3,120 SF. The warehouse space is 7,000 SF (70' x 100') with 7 ground level drive in doors, 6 (12' x 12') doors with 3 located on each side and 1 (14' x 19') door located on the rear of the building.
Longstanding lease since 1984. Current 5-year lease expires March 31, 2028, with two (2) five (5) year renewal options at 95% of fair market rent. Additional information available on request.
Located on South Gloster a primary retail corridor in Tupelo MS. As a retail shipping center for FedEx this property provides convenient access to local businesses and residents in the Tupelo MS market with close proximity to State HWY 278 (1 mile), State HWY 45 (1.5 miles) providing convenient access to Interstate 22 (8 miles).
Building is a corrugated metal building with a gabled roof constructed on a concrete slab foundation. The retail/office space totals approximately 3,000 square feet on the first floor. The second floor is unfinished space consisting of 3,120 SF. The warehouse space is 7,000 SF (70' x 100') with 7 ground level drive in doors, 6 (12' x 12') doors with 3 located on each side and 1 (14' x 19') door located on the rear of the building.
Longstanding lease since 1984. Current 5-year lease expires March 31, 2028, with two (2) five (5) year renewal options at 95% of fair market rent. Additional information available on request.
Located on South Gloster a primary retail corridor in Tupelo MS. As a retail shipping center for FedEx this property provides convenient access to local businesses and residents in the Tupelo MS market with close proximity to State HWY 278 (1 mile), State HWY 45 (1.5 miles) providing convenient access to Interstate 22 (8 miles).
Property Facts
| Price | $953,604 CAD | Lot Size | 1.15 AC |
| Price Per SF | $71.58 CAD | Rentable Building Area | 13,322 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.15% | Year Built | 1985 |
| Property Type | Flex | Tenancy | Single |
| Building Class | B | Clear Ceiling Height | 11’ |
| Zoning | MUCC - Mixed Use Commercial Corridor | ||
| Price | $953,604 CAD |
| Price Per SF | $71.58 CAD |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 1.15 AC |
| Rentable Building Area | 13,322 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Tenancy | Single |
| Clear Ceiling Height | 11’ |
| Zoning | MUCC - Mixed Use Commercial Corridor |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $161,849 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$161,849 CAD
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1155 S Gloster St
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