Log In/Sign Up
Your email has been sent.
Hospital-Leased ASC | 3.5% Escalations | NNN 2089 Southridge Dr 11,031 SF 100% Leased Office Building Tupelo, MS 38801 For Sale
Investment Highlights
- Hospital-operated ASC
- Off-campus surgical facility enabling lower-cost care delivery vs. inpatient settings
- Fixed 3.5% annual rent growth - Absolute NNN structure
- Located approximately 1.2 miles from the main hospital campus
Executive Summary
Zeustra, LLC is pleased to present the exclusive opportunity to acquire 2089 Southridge Drive, a single-tenant, hospital-leased ambulatory surgery center (ASC) located in Tupelo, Mississippi. The property is leased on an absolute triple-net (NNN) basis directly to North Mississippi Medical Center–Tupelo, the region’s dominant healthcare provider.
The lease includes a recently executed extension commencing November 1, 2025 and running through October 31, 2030, providing investors with five years of secure, contractual cash flow. The lease features 3.5% annual rent increases, offering built-in NOI growth and an effective hedge against inflation.
The property offers investors true passive income supported by AA-rated hospital credit, contractual rent growth, and mission-critical medical use. Located approximately 1.2 miles from the main hospital campus, the ASC allows the health system to efficiently migrate surgical volume to a lower-cost, outpatient setting while maintaining clinical integration and referral continuity.
Few hospital-leased assets offer this combination of AA-rated credit, absolute NNN structure, ASC tenancy, and fixed 3.5% annual rent growth, positioning 2089 Southridge Drive as a highly defensive, institutional-quality medical investment.
The lease includes a recently executed extension commencing November 1, 2025 and running through October 31, 2030, providing investors with five years of secure, contractual cash flow. The lease features 3.5% annual rent increases, offering built-in NOI growth and an effective hedge against inflation.
The property offers investors true passive income supported by AA-rated hospital credit, contractual rent growth, and mission-critical medical use. Located approximately 1.2 miles from the main hospital campus, the ASC allows the health system to efficiently migrate surgical volume to a lower-cost, outpatient setting while maintaining clinical integration and referral continuity.
Few hospital-leased assets offer this combination of AA-rated credit, absolute NNN structure, ASC tenancy, and fixed 3.5% annual rent growth, positioning 2089 Southridge Drive as a highly defensive, institutional-quality medical investment.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
11,031 SF
Building Class
B
Year Built
2011
NOI
$338,023 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,031 SF
Building FAR
0.24
Lot Size
1.05 AC
Parking
46 Spaces (4.17 Spaces per 1,000 SF Leased)
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $230,112 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$230,112 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Hospital-Leased ASC | 3.5% Escalations | NNN | 2089 Southridge Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.