United States Department of Agriculture
125 N Jackson St, Brookhaven, MS 39601
Cap Rate: 7.36%
Price Per SF: $160.03
Leasable Area: 11,248 SF
Term Remaining: 1.5 Years
Year Built: 2001
Lot Size: 1.23 Acres
Strong Tenant - The U.S Government serves as excellent & reliable long term tenant. The U.S Government has continued to renew their lease at this location for the past 20 years and have shown strong signs for additional renewal options following the current term.
Active Location - Robust economy due to its close proximity to multiple shopping centers. Several large employers support the economic strength of the area including a Walmart Supercenter. Up the street from a neighborhood retail center on one of the main thoroughfares in Brookhaven with nearby traffic counts of 14,000 VPD.
High Population Growth- Exponential population growth over last 15 years. Current population of Brookhaven, MS is 34,500. Population within a 5-mile radius with an average household income over $55,874
1031 Exchange Asset - A USDA Service Center is a great exchange property due to U.S Government’s credit worthiness and minimal landlord responsibilities. Government building deemed an essential business, thus staying open throughout the stay at home ordinances