Medicaid Plaza – Senatobia, MS

2776 Highway 51, Senatobia, MS 38668, USA

Sands Investment Group is pleased to exclusively offer for sale the 10,800 SF Medicaid Plaza Modified Gross located at 2776 Hwy 51 South in Senatobia, MS. This deal includes 100% occupancy by the State of Mississippi’s Division of Medicaid, providing government-backed tenancy and reliable rental income through the state’s electronic remittance system. The property generates $107,460 in annual base rent, or $9.95 PSF, with the tenant responsible for utilities, janitorial services, and routine consumables, creating a low-management income stream.

  • Government-Backed Tenancy: The premises are 100% occupied by the State of Mississippi’s Division of Medicaid, a government tenant operating the property as a regional Medicaid office. Rent is paid through the State of Mississippi’s electronic remittance system, offering credit quality well above that of a typical local tenant.
  • Attractive, Below-Market Rent Basis: Flat base rent of $107,460 annually ($8,95 per month, $9.95 PSF) across 10,800 rentable SF. The tenant furnishes all utilities and janitorial services and is responsible for routine consumables, while the landlord retains taxes and structural/system obligations, a clean, low-management income stream.
  • Prime Highway 51 / I-55 Corridor Location: Positioned at 2776 Highway 51 South in Senatobia, directly on the US-51 corridor that parallels I-55, the primary north-south artery linking the Mississippi Delta to Memphis, providing strong visibility and immediate interstate access.
  • 35 Miles from Memphis International Airport: Roughly a 40-minute drive north via I-55 to Memphis International Airport (MEM), the 2nd busiest cargo airport in the world and the anchor of the Memphis logistics hub, placing the asset squarely within the Memphis Metropolitan Area’s economic reach.
  • Stable County-Seat Demographics: Senatobia is the county seat of Tate County (2025 population ~28,700) and the 16th-largest municipality in the Memphis MSA. It is home to Northwest Mississippi Community College, supporting a steady daytime population and consistent demand for essential government services in the submarket.

In Cooperation With Sands Investment Group Mississippi, LLC – Lic. #22675 BoR: Andrew Ackerman – Lic. MS #22616

2776 Highway 51, Senatobia, MS 38668, USA

Medicaid Plaza

Mississippi Medicaid is the state’s public health coverage program, administered by the Mississippi Division of Medicaid (DOM), a state government agency headquartered in Jackson. Medicaid provides essential healthcare coverage to eligible low-income individuals and families, children, pregnant women, seniors, and people with disabilities. The Division oversees program administration, eligibility, benefits, and provider services across Mississippi. As a government-administered essential service, Medicaid benefits from ongoing state and federal funding and plays a critical role in providing healthcare access to Mississippi residents.

Price

$878,000

Cap Rate

8.50%

PREMISES

10,800 SF

YEAR BUILT

2005

Lease Expiration

08/31/2028

Lease Type

Modified Gross

BROKERS

Alex Anttila
Fort Lauderdale

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch