Retail Business for Sale in Leland, MS

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Leland, MS 38756

Description

Marcus & Millichap is pleased to present the exclusive listing for a FleetPride/TruckPro located at 3762 US-82, Leland, MS 38756. The site consists of roughly 12,500 rentable square feet of building space on an estimated 5.62-acre parcel of land. FleetPride/TruckPro have 6.75 years remaining on the current 10-year lease with two, 5-year options. The current annual rent is $88,229 and has scheduled annual increases of 1.50%. Investment Highlights: • Absolute Net Lease – No landlord responsibilities • 1.5% annual rent increases • Long term corporate tenant, TruckPro has occupied the property for 25 years • TruckPro and FleetPride recently merged to create the Nation's largest independent distributor of truck-trailer parts and services • Situated along US-82, 18,000 vehicles per day • 12,500 SF building on 5.62 acres • The Tenant recently installed a new roof, sign, and awnings (2022) • FleetPride operates at approximately 450 locations nationwide, including 110 service centers, and 6 distribution centers

Market Context

This retail in Leland, MS is listed for sale. It is offered at an approximate 7.4% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 67 days. Compare it against other retail listings for sale in Leland, MS — <a href="/search/sale/retail/mississippi/leland">view the full market</a>.

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