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Bank

Regions Bank

331 W Main St, Tupelo, MS 38804

Listing Price: $2,393,000

Cap Rate
6.31%
Tenant Name
Regions
Years Remaining On Lease
5.4
Gross SF
10,834
Guarantor
Corporate Guarantee
Rentable SF
10,834
Price/Gross SF
$220.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.93

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Regions Bank in Tupelo, MS. The property consists of a 10,834-square-foot, freestanding building that sits on approximately 0.53 acres of land. There are 5.5 years remaining on the lease with 3 percent rental increases annually.

Investment Highlights

  • Triple-Net Lease (5.5 Years Remaining) With Annual 3% Rental Increases
  • Top Ranked Regions in the County By Deposits
  • Tenant Paying Low Rent of $13.93/PSF
  • Central Business District of Historic Downtown Tupelo
  • Signalized Hard Corner Location on West Main Street and South Green Street (15,962 VPD)
  • Near Cadence Arena and Conference Center

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Listing Price: $2,393,000

Cap Rate
6.31%
Tenant Name
Regions
Years Remaining On Lease
5.4
Gross SF
10,834
Guarantor
Corporate Guarantee
Rentable SF
10,834
Price/Gross SF
$220.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.93

Investment Highlights

  • Triple-Net Lease (5.5 Years Remaining) With Annual 3% Rental Increases
  • Top Ranked Regions in the County By Deposits
  • Tenant Paying Low Rent of $13.93/PSF
  • Central Business District of Historic Downtown Tupelo
  • Signalized Hard Corner Location on West Main Street and South Green Street (15,962 VPD)
  • Near Cadence Arena and Conference Center

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Regions Bank in Tupelo, MS. The property consists of a 10,834-square-foot, freestanding building that sits on approximately 0.53 acres of land. There are 5.5 years remaining on the lease with 3 percent rental increases annually.

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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