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Napa Center 214 W Bankhead St 11,848 SF 100% Leased Retail Building New Albany, MS 38652 $1,668,304 CAD ($140.81 CAD/SF) 7.85% Cap Rate
Investment Highlights
- Mix of National, regional, and local tenants
- Excellent investment opportunity wilh low vacany rates
- Strong tenant mix providing Diverse customer base
Executive Summary
This well-positioned neighborhood strip center is located in a strong retail corridor of New Albany, Mississippi, offering excellent visibility, steady daily traffic, and reliable corporate tenancy. The center is anchored by a corporate NAPA Auto Parts store, providing a stable national credit tenant that consistently attracts repeat customers and drives traffic to the surrounding businesses.
Additional tenants include:
• Patterson Food Sevice – A locally popular retailer contributing to consistent foot traffic and community presence.
• Drayer Physical Therapy – A well-established regional physical therapy provider, adding medical-service stability and drawing steady daytime consumer activity.
The property features convenient front-door parking, strong curb appeal, and a layout ideal for service-oriented and destination tenants. With its blend of national credit, medical, and local tenancy, this strip center offers a diversified, low-vacancy investment profile in one of New Albany’s most active commercial areas.
Additional tenants include:
• Patterson Food Sevice – A locally popular retailer contributing to consistent foot traffic and community presence.
• Drayer Physical Therapy – A well-established regional physical therapy provider, adding medical-service stability and drawing steady daytime consumer activity.
The property features convenient front-door parking, strong curb appeal, and a layout ideal for service-oriented and destination tenants. With its blend of national credit, medical, and local tenancy, this strip center offers a diversified, low-vacancy investment profile in one of New Albany’s most active commercial areas.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,848 SF
Building Class
C
Year Built/Renovated
2000/2019
Price
$1,668,304 CAD
Price Per SF
$140.81 CAD
Cap Rate
7.85%
NOI
$130,904 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.16 AC
Parking
50 Spaces (4.22 Spaces per 1,000 SF Leased)
Frontage
150’ on W Bankhead
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Drayer Physical Therapy
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
NAPA Auto Parts began in 1925 when independent auto parts sellers formed a cooperative to improve distribution. The company became a division of Genuine Parts Company in 2012. NAPA offers automotive replacement parts, accessories, and service items across North America. Their product lines include batteries, brakes, filters, engine components, and tools. While many stores operate independently, NAPA maintains a large distribution network. The brand continues expanding its market presence through strategic acquisitions.
- Patterson Foods
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Drayer Physical Therapy | - | 99,999 SF | $9.99 | Lorem Ipsum | - | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Patterson Foods | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 032N-08-040.09 | Total Assessment | $91,667 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
032N-08-040.09
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$91,667 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Napa Center | 214 W Bankhead St
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