This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
500 U.S. 49 Frontage Rd
Richland, MS 39218
American Tire Distributors | 7% Cap Rate · Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Distribution | Year Built/Renovated | 1989/2015 |
| Building Class | B | Tenancy | Single |
| Lot Size | 6.07 AC | Parking Ratio | 1.08/1,000 SF |
| Rentable Building Area | 127,500 SF | No. Dock-High Doors/Loading | 17 |
| Zoning | IND | ||
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 6.07 AC |
| Rentable Building Area | 127,500 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1989/2015 |
| Tenancy | Single |
| Parking Ratio | 1.08/1,000 SF |
| No. Dock-High Doors/Loading | 17 |
| Zoning | IND |
ABOUT 500 U.S. 49 FRONTAGE RD , RICHLAND, MS 39218
Bull Realty Inc. is pleased to exclusively offer to qualified investors the opportunity to acquire a single tenant net leased industrial property in Richland, Mississippi, occupied by American Tire Distributors (ATD), the nation's largest tire distributor. The property is strategically located for a distribution center along U.S. 49, approximately 2 miles from Interstate 20 and less than 3 miles from the Interstate 20/Interstate 55 axis. The location also benefits from being approximately 1.3 miles from Kansas City Southern Railway intermodal center with truck-to-rail cargo container transfer. The building underwent a major renovation in 2015 which included a 55,500 SF expansion, which brought the building's total square footage to 127,500. At the time of the upgrade and expansion, the lease was extended through June of 2025. The current lease includes escalations of 10% on each five-year anniversary of the commencement date. The current Net Operating Income is $432,000 and in 2020 the NOI increases to $475,200.
PROPERTY TAXES
| Parcel Number | D07J-000021-00030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $989,435 |
PROPERTY TAXES
