Listing Summary
High-yield Absolute NNN gas station investment in Grenada, MS. Features a brand-new 20-year lease executed at close, an 8.00% cap rate, $140,004 NOI, and zero landlord responsibilities.
Full Description
High-Yield Absolute NNN Gas Station & C-Store | Grenada, MS Investment Opportunity
Presenting an exceptional commercial real estate investment opportunity in Grenada, Mississippi. This single-tenant convenience store and gas station offers investors passive income backed by a brand-new Absolute Triple Net (NNN) lease executed at the close of escrow, ensuring a completely hands-off asset with zero landlord management obligations.
Superior Financial Highlights & Investment Returns
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Net Operating Income (NOI): $140,004
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Cap Rate: 8.00%
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Lease Structure: Absolute NNN (Zero landlord responsibilities)
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Lease Term: Brand-new 20-Year primary lease term executed upon close of escrow
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Hedge Against Inflation: Built-in 1.75% annual rental increases throughout the primary term and renewal option periods
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Strong Guaranty: Backed by SGS Holdings, an experienced operator managing approximately 30 units with over 20 years of operational history
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Tax Advantages: Fee simple ownership (land and building) allows buyers to potentially qualify for bonus depreciation (consult your CPA for specific tax benefits)
Site Features & Asset Specifications
Situated on a prominent 0.39-acre parcel, the property features a 2,232-square-foot convenience store paired with 8 fueling lanes. Built in 1988 and comprehensively renovated in 2024, the property combines established location presence with modernized site infrastructure.
Strategic Hard Corner Location & Robust Local Economy
Positioned on a high-traffic, signalized hard corner seeing over 14,000 vehicles per day at the intersection, the property benefits from outstanding visibility and constant regional flow along key thoroughfares in North Mississippi.
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High Demand Profile: Transportation and vehicle maintenance spending represent the second-largest consumer expenditure within a 3-mile radius, capturing roughly 26.85% of total local household spending.
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Diversified Local Economy: Grenada features a strong manufacturing base, accounting for nearly 30% of Grenada County jobs. Major regional employers include Rail USA, Harrell Metal Works, Thomas Wood Preserving, and Valley Racks.
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Critical Logistics Hub: Positioned along the I-55 corridor, supported by the Grenada Railroad operating 228 miles of track between Canton, MS, and Memphis, TN, fueling steady industrial activity and commercial transit.
Brokerage Contact Information
For full financial disclosures, lease guarantees, and offering memorandums, please contact Anchor Point Capital:
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Chandler Dignam: cdignam@anchorpointcapital.com
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Ned Skinner: nskinner@anchorpointcapital.com
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Nicholas Sarris: nsarris@anchorpointcapital.com
Quick Glance
- Listing ID:
CL-Mississippi-28249
- Status:
Active
- Year Build:
1988
- Building Size:
2,232 SqFt
- Lot Size:
0.39 Acr
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