Available For Sale - Office

11,248 SF | Show Pricing $

LISTED BY

Filip Hernas
Prime Net Lease, 714-849-5997

AVAILABILITY DETAILS

Size
11,248 SF
Price/SF
Show Pricing $
Listing ID
SA560874
Notes
Prime Net Lease is pleased to present this 11,248 SF United States Department of Agriculture (USDA) Service Center located in Brookhaven, Mississippi. USDA Service Centers are designed to be a single location where customers can access the services provided by the Farm Service Agency, Natural Resources Conservation Service, and the Rural Development agencies. The subject property is encumbered with a brand new 5-year Gross lease. The property has successfully operated as a USDA Service Center for over 25 years, exercising multiple options and most recently a 5-year renewal with a strong $43,392 (21%) rental increase showing it's continued long term commitment to the site and willingness to invest in the area.



This USDA Service Center is highly visible as it is strategically positioned in Brookhaven, Mississippi. Brookhaven is the county seat of Lincoln County, Mississippi, United States, 55 miles south of the state capital of Jackson. Lincoln County comprises the Brookhaven, MS Micropolitan Statistical Area, which is included in the Jackson-Vicksburg-Brookhaven Combined Statistical Area. The county is southwest of the state capital of Jackson. Lincoln County is a great area for industries seeking reasonably priced land, reliable energy resources, great transportation infrastructure, an experienced labor force, high quality of life and modest cost of living. Lincoln County provides ample outdoor opportunities for all adventurers. Brookhaven has a 5-mile population count of 16,854 and an average household income of $58,867. The Brookway Plaza Shopping Center, the Lincoln Plaza Shopping Center, the Village Square Shopping Center and the Westbrook Mart Shopping Center are located in the city. Each year, the city hosts several festivals like the Exchange Club Fair and the Ole Brook Festival.



The subject offering represents an ideal opportunity for a 1031 exchange buyer to attain the fee simple ownership of a USDA Service Center. This investment will offer a new owner continued success due to the financial strength and the proven profitability of a U.S. Government tenant.
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Filip Hernas, Prime Net Lease