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Mountain Express

1302 N State St, Jackson, MS 39202

Listing Price: $2,809,080

Cap Rate
5.00%
Tenant Name
Mountain Express Oil
Years Remaining On Lease
18.4
Guarantor
Corporate Guarantee
Rentable SF
1,557
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$90.21

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mountain Express located at 1302 North State Street in Jackson, Mississippi. The site consists of roughly 1,557 rentable square feet of building space on estimated 0.31-acre parcel of land. This Mountain Express is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 1st, 2020. The current annual rent is $137,700 and is scheduled to increase 2% Annually throughout the base term and in each of the 4, 5-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease with 18.50 Years of Term Remaining
  • 2% Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Auto Service - Gas-Conv

Mountain Express

Listing Price: $2,809,080

Cap Rate
5.00%
Tenant Name
Mountain Express Oil
Years Remaining On Lease
18.4
Guarantor
Corporate Guarantee
Rentable SF
1,557
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$90.21

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease with 18.50 Years of Term Remaining
  • 2% Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mountain Express located at 1302 North State Street in Jackson, Mississippi. The site consists of roughly 1,557 rentable square feet of building space on estimated 0.31-acre parcel of land. This Mountain Express is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 1st, 2020. The current annual rent is $137,700 and is scheduled to increase 2% Annually throughout the base term and in each of the 4, 5-year renewal options.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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