$1 Absolute Auction | NNN Lease National Tenant | 21,625 SF Industrial Outdoor Storage- Southeast

Investment Highlights: 

• Absolute NNN lease structure with no landlord obligations
• 4+ years of firm term remaining with attractive 3.00% annual rent escalations
• Functional 21,625 SF IOS facility on 2.01 acres with expansion and yard potential
• Strategic location along South Harper Road within Corinth’s primary industrial corridor and Tupelo/North Area Submarket
• Single-story layout with 20’ clear height, dock-high and drive-in loading suitable for a broad range of industrial users
• Located within a designated Opportunity Zone, providing potential tax advantages for qualified investors
• Low property tax burden enhances cash flow durability and long-term operating efficiency

Offering Summary:  

Marcus & Millichap is pleased to present 2750 S Harper Road a well-located 21,625 SF Industrial Outdoor Storage “IOS” property situated on 2.01 acres in Corinth, Mississippi, leased to CrossRoads Building Supply. The in-place lease has 4+ years of firm term remaining on an absolute NNN lease structure with 3.00% annual rent increases.

The Tenant, CrossRoads Building Supply, is a trusted provider of high quality construction materials and supplies. Headquartered in Oakbrook Terrace, IL, CrossRoads operates in 29 locations across six Midwest and Southeast, with sales exceeding $100 million. They offer a wide range of products, including lumber, drywall, roofing materials, and hardware, catering to contractors, builders, and DIY enthusiasts alike.

Originally constructed in 1966, the building offers functional industrial characteristics including 20-foot clear heights, dock-high and drive-in loading, and excess land for circulation or future expansion.

The asset is positioned along South Harper Road, a primary industrial corridor serving Corinth’s manufacturing base, with direct access to regional transportation routes supporting both local and regional distribution. The surrounding area is characterized by a concentration of light manufacturing, service, and logistics users, benefiting from Corinth’s role as a cost-efficient alternative to larger Southeast industrial markets.

This offering represents an opportunity to acquire a functional industrial asset in a supply-constrained secondary market where replacement costs materially exceed existing basis, supporting downside protection and long-term value creation.