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416 18th Ave
Meridian, MS 39301

$3,403,632 USD

Medical For Sale  •  16,800 SF

Property Details

  • Property Type Medical
  • Total Building Size 16,800 SF
  • Lot Size 1.28 AC
  • Building Class C
  • Year Built 1955
  • Cap Rate 8.00 %
  • Tenancy Single
0 Transit Score
52 Walk Score

Highlights

7+ years remain on the primary lease term
10% rental escalations every five years
Three blocks south of Anderson Regional Medical Center (260-Bed) & Oscher Rush Medical Center (215-Bed)
Minutes from Interstate 20 (40,000 VPD)
Proximity to several retail center with tenants Lowe’s, Walmart, Sam’s Club, Belk, Dillard’s, Hobby Lobby, Hibbett Sports, T.J. Maxx, & Chick-Fil-A
Over 35,800 people live within a five-mile radius

Property Flyers

Cap Rate: 8.00 %

Amenities

  • Bio-Tech/ Lab Space
  • Signage
  • Monument Signage

Public Transportation

Commuter RailDriveWalkDistance
Meridian Union Station (Crescent - Amtrak) 0 min 4 min 0.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jimmy Goodman 847-562-8500 The Boulder Group
Jimmy Goodman 847-562-8500 The Boulder Group