Commercial Income Producing Property for Sale McComb, MS

Commercial Income Producing property for sale in McComb, MS, with long term lease in place. Rental income is currently $3000/month and will increase to $3500/month in July of 2019 and $4000/month in July 2020. This deal offers an NOI of $26,000/yr and a 13.3% cap rate at the current rent and asking price. Those numbers increase for the next two years. NAPA Auto Parts is the tenant and is a growing auto parts retailer in the Pike County area. This is a perfect investment opportunity with a solid commercial tenant and a yearly increasing rate of return. The property fronts South Broadway St in McComb, MS and is located in the retail heart of the city. The building has 5355 heated sq/ft, off street parking and storefront For more details please contact us today.