SHERI LIPSEY REAL ESTATE

107 N Lee Dr, Guntown, MS 38849

$399,000
Property Type: Commercial Square Footage: 8,200 Lot Size (sq. ft.): 43,560 Status: Active
Current Price: $399,000 List Date: 5/13/2025 Last Modified: 2/24/2026

Description

LEASE EXTENDED UNTIL NOV 30, 2032! AS OF FEBRUARY 2026, THERE ARE SIX YEARS & 9 MONTHS OF TERM REMAINING WITH AN INCREASE OF RENT STARTING 12/1/2027! STORE RECENTLY REMODELED! Brand new gleaming TPO roof with 20-year warranty just installed March 2025! Investment opportunity being offered at $399,000, with a current cap rate of 7.9, increasing to 8.65 on 12/1/2027. The 8,200 square foot+/ property is situated on 1.00 acre+/-, built in 2002. DG currently pays $2,620 per month, plus an additional $150 is paid ea. month to the owner for parking lot maintenance. Total Of $2,770 incoming per month currently. Rent increases to $2,875 starting 12/1/2027 in the exercised lease renewal term for five years. $2875 rent + $150 addl. fee, will be $3,025 incoming monthly from 12/1/27 - 11/30/2032.

More Information MLS# 25-977

General Property Description

Lot Dimensions: 1.00 acre +/- Building Size: 8200 Lot Acres: 1 Total SqFt.: 8200

Location, Tax and Other Information

Realtor.COM Type: Commercial Flood Zone: No

Heat

Central: 1

Air

Central Air: 1

Contract Information

Current Price: $399,000 Begin Date: 2025-05-12 Status: Active List Price: $399,000

Location Tax and Other Information

Area: 10 - Other Mississippi Areas House Number: 107 Street Dir Prefix: N Street Name: Lee Dr State/Province: MS Postal Code: 38849 County: Lee Taxes: 9713.45 Tax Year: 2025 Parcel Number: 025U-21-006-33

Property Features

Heat: Central Air: Central Air
Listing Office: FARMER COMMERCIAL PROPERTIES
Last Updated: February - 24 - 2026
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