1088 Evelyn Gandy Pkwy, Petal, MS 39465
4,788 SF | 100% Leased | 4-Star Retail Building | Petal, MS 39465 | $3,415,000 ($713/SF) | 6.50% Cap Rate
For Sale
Active
Asking Price $3,415,000
- Property Type
-
Retail
- Square Feet
- 4,788 SF
- Price / Square Foot
- $713
Listing Contacts
Jeff Lefko
Bill Asher
Property Overview
Two-Tenant Investment with Corporate Leases | New Construction | Surrounded by Top-Tier Tenants
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 48,352 SF
Highlights
- New Construction Starbucks Drive-Thru and T-Mobile; Long-Term Corporate Leases: Starbucks Drive-Thru & T-Mobile
- Starbucks Drive-Thru: New 10-year corporate lease (NASDAQ: SBUX; S&P: BBB+) | T-Mobile: New 10-year corporate lease (NASDAQ: TMUS; S&P: BBB)
- Located w/in Petal’s Growing Retail Corridor Across from Lowe’s & Walmart: Surrounding tenants include Chick-fil-A, Crunch Fitness, McDonald’s, etc
- Affluent, High-Growth Trade Area: Over $90k AHHI within a 1-mile radius
- Petal is a Thriving & Top-Ranked Comm in MS: The Petal School District is a top-rated public school w 5 schools serving more than 4,400 students
- Petal is Part of the Hattiesburg MSA (5 Miles Away) | Hattiesburg is coined as “Hub City” because of its location at the intersection of Interstates
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