Retail Business for Sale in Hernando, MS

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Hernando, MS 38632

Description

The offering consists of a long-term leased, single tenant Dunkin' Donuts built in 2024. The property is located approximately 25-miles south of downtown Memphis, Tennessee in the highly desirable and growing suburb of Hernando, Mississippi. Investment Highlights: • Double Net (NN) Lease - Minimal Landlord expense and maintenance responsibilities • Fixed Rental Increases - 10% Rental Increases every 5 years • Scheduled Rental Increase in Approximately 3 Years - Increasing Cap Rate to 5.88% • Desirable Retail Location - Situated in close proximity to a Kroger Marketplace (with fuel station) anchored shopping center with surrounding retail including McDonald's, Whataburger, Wendy's Starbuck's, Circle K, Waffle House, AutoZone, O'Reilly Auto Parts, Caliber Collision, Sherwin Williams, Dollar Tree, H&R Block, multiple banks, and numerous other local and national retailers and businesses in the area • Walmart Supercenter - Further enhancing the area is a Walmart Supercenter located approximately a mile to the east with additional retailers including Zaxby's, Taco Bell, KFC, Sonic Drive-In, Arby's, Walgreen's and many others, including a variety of other amenities and Hospitality uses • Growing, Award Winning Community - Hernando, Mississippi serves as a county seat with top-rated schools, and is a suburb of Memphis, TN • Strong Demographics - Average Household Income of $112,956 and over 26,405 residents in a 5-mile radius

Market Context

This retail in Hernando, MS is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Hernando, MS — <a href="/search/sale/retail/mississippi/hernando">view the full market</a>.

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