Property Listing No Longer Available for Sale

1110 BATTLE GROUND DRIVE, Iuka, MS

Retail for Sale - $950,000 - 41,400 Sq. Ft. on 538 acres


Property Info

CIMLS#431375
Location
  1110 BATTLE GROUND DRIVE
  Iuka MS 38852
UpdatedMarch 14th, 2012
TypeRetail
Price$950,000
Building41,400 Sq. Ft.
Land538 acres

Property Description

1110 Battleground Drive

Iuka, MS 38852

REDUCED $950,000

WAL- MART RETAIL CENTER

1110 BATTLE GROUND DRIVE

IUKA, Tishomingo County, MS

FEATURES

5.38 +\- ACRE SITE ground leased at a cost of $20,000 annually thru 2028

Improvements include 41,400 sq ft Class-C masonry building that has been occupied and consistently utilized as a Wal-Mart retail operation for over 31 years. Building has 14 ft eave height is constructed with metal framing support, concrete masonry block exterior walls on 4+\- inch reinforced concrete slab and has one high dock loading area ,.

There is Concrete and Asphalt surfaced parking for 130+\- vehicles

A July 2008 professional inspection of the property revealed newly installed interior floor coverings including commercial tile, laminate hardwood, and ceramic tile. All Interior and Exterior walls of the building had been recently painted along with newly installed business signage, newly renovated rest rooms, and the installation of new acoustic ceiling tile.

Annual collected rents include base rent of $93,150, percentage of sales ($62,000 +/-) and pass thru of Real Estate Taxes of $15,252.

Current lease runs thru 2014 and is in the process of being extended until 2019 with provisions for subsequent 5 yr extensions.

Zoning -C-2 Highway Commercial District.

Built in 1978