Investment Highlights
- Shadow Anchored By Walmart
- All Leases Are Structured As Triple-Net with Management And/Or Administration Reimbursement
- Majority Of Tenants Are Nationally Branded with Only A Few Local
- 96.5 Percent Occupied Multi-Tenant Retail Center with A Great Tenant History
- One Vacancy Remaining In The Center with Existing Leases Staggered
The subject property consists of a 34,050 square foot, multi-tenant building which was built in 2000. Currently the
building is 96.5 percent leased to Advance America, AT&T Wireless, Dollar Tree, Rue 21, Game Stop, O.E.C. Japanese Express, Quick Cash, Sally Beauty and Shoe Show, Cricket Wireless and Enliven. Five of the current tenants have been occupying since 2000 or 2001. All tenants’ leases are structured as triple-net where tenants reimburse for CAM, taxes, insurance, management and/or administration. Landlord is only responsible for roof and structure. Only one vacant unit remains in the center.
Neighboring the site is a number of strong national retailers, primarily Walmart which sits adjacent to the property. In addition to Walmart there are retailers such as Home Depot, CATO, Fred's, Hampton Inn, McDonald's, Subway, Holiday Inn, Toyota, Wendy's, Hibbet Sports, Snap Fitness, Taco Bell, Sonic, Dairy Queen and many more.
Brookhaven is a city in Lincoln County, Mississippi, southwest from the state capital of Jackson. Within five miles of the subject property there are over 17,400 residents.
