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2200 S Harper Rd, Corinth, MS, 38834

MACH-1 EXPRESS WASH
$4,758,145

Key Information

Cap Rate
7.45%
Year Built
2023
Term Remaining
±19.5 Yrs
Type
Retail
Occupancy
100%
NOI
$354,481
Leasable Area
5,200

Highlights

  • The subject property qualifies for Bonus Depreciation (please discuss with your accountant for more information).
  • 2022 BTS construction for Mach-1 Car Wash.
  • Absolute NNN Lease with zero Landlord Responsibilities.
  • 20-year lease with attractive 1.50% annual rent increases for the entirety of the lease (includes option periods).
  • Located directly across the street from a Walmart Supercenter.
  • Corporately guaranteed lease from Mach One, Inc., the lease is also accompanied by a single entity guaranty as well as a person guaranty.
  • ±36,100 vehicles daily at the intersection of Highway 72 E and S Harper Rd
  • 5-Mile population of ±30,000 residents.
  • Average household income of ±$60,000 annually.
  • Densely populated retail corridor with national tenants such as Walmart, Lowe’s, ALDI, Chick-fil-A, Starbucks, Marshalls, Hobby Lobby, McDonald’s,
  • Wendys, Walgreens, Tractor Supply, Kroger, Arby’s, Burger King, Harbor Freight, and many more.
  • Corinth is located in Northern Mississippi approximately 6-miles south of the Tennessee border

Photos

Location

Agents

Broker of Record

Phillip Carpenter

License # C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211