137 Pineview DrFlowood, MS 39232

For Sale
$1,923,000

High-growth area, strong tenant, great ROI.

Overview

Added:
Dec 11, 2024
Days on market:
95
Exceptional investment opportunity: a 20-year net lease on a 7 Brew Coffee drive-thru in Flowood, Mississippi. This 510 square foot building, constructed in 2023, sits on a sizable 1.16-acre lot at 137 E Pineview Dr, 39232, within a rapidly expanding mixed-use development. The property boasts a 6.50% cap rate and a substantial $125,000 annual net operating income (NOI). The lease, commencing August 1, 2023, and expiring August 1, 2043, includes four 5-year renewal options and features a 10% rent increase every five years, ensuring consistent income growth. The tenant, 7 Brew, is backed by a corporate guarantee, mitigating risk. The location is prime, situated on Lakeland Drive, a major east-west corridor with over 38,000 vehicles per day, providing excellent visibility and accessibility. This affluent area, just five miles from Jackson, MS, has an average household income exceeding $115,000 within a 5-mile radius. The property benefits from its inclusion in a larger 100+ acre development, further enhancing its long-term value and potential. The unique 7 Brew business model, focused solely on drive-thru service, generates over $2.4 million in annual revenue. This is a rare opportunity to acquire a high-performing asset in one of Mississippi's fastest-growing areas. The asking price is $1,923,000, representing a price per square foot of $3,770.59.

Highlights

  • New 20-year ground lease with 10% rent increases every five years, plus four, five-year renewal options.
  • 1.16-acre parcel on Lakeland Drive, a major east-west corridor with 38,000+ vehicles per day.
  • Part of a 100+-acre mixed-use development in Flowood, MS, five miles from Jackson.
  • High-growth area with average household income exceeding $115,000 within a five-mile radius.
  • 7 Brew drive-thru coffee shop tenant generates over $2.4 million in annual revenue.

Property Details for 137 Pineview Dr

Property type
Other retail properties, Individual retail properties
Square Feet
510 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
50,530 SF

Location Insight

City
Flowood
County
Rankin
State
Mississippi
Latitude
32.3557171
Longitude
-90.0214802
137 Pineview Dr, Flowood, Mississippi

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137 Pineview Dr
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