Brookhaven Plaza
958 Brookway Blvd, Brookhaven, MS 39601, USA

$5,380,000· Multi Tenant

Investment Highlights

Building / Site Summary

  • 34,051 +/-Square Feet
  • 11 Leased Units
  • 100% Occupied
  • Well Maintained Property -Built In 2000
  • 92 Acre Parcel
  • Multiple Points Of Ingress & Egress

Dollar Tree -Anchor

  • Occupied Since 2010 (Extended Five Years In 2022)
  • Expanded 2,500 Square Feet –Expected Finish Date June 2023
  • Five –Five Year Options To Extend (Increases In Each)
  • Corporate Guarantee –16,000+ Locations

Shoe Dept. Encore-Anchor

  • Occupied Since 2000 (Extended Ten Years In 2022)
  • Expanded 2,500 Sf –Expected Finish Date May 2023
  • Three –Five Year Options To Extend (Increases In Each)
  • Corporate Guarantee –1,100+ Locations

Shadow Anchored By High Performing Walmart

  • 92nd Percentile Of All Walmarts Nationwide According To Placer.Ai Data
  • Adjacent To Brookhaven Plaza With Multiple Points Of Ingress & Egress

Below Market Assumable Financing

  • 26% LTV
  • Roughly Three & ½ Years Remain (Maturity Date 9/6/2026)
  • Non-Recourse CMBS Debt Walmart –Public Company -NYSE: WMT

Long Term Tenancy

  • Long Term Tenancy With Multiple Extensions
  • Over 78% Of GLA Has Occupied Since 2010

Lease Structures

  • 48% Of GLA On Triple-Net Leases
  • Landlord Responsible For Roof & Structure

Location

  • Shadow Anchored by Walmart
  • Surrounded By National and Regional Retailers
  • Submarket Occupancy Of 99.9% -Retail
  • Just East of Interstate 55
  • Just West of Highway 51

Demographics

    • Over 16,900 Residents Within Five Miles
    • Average Household Income Of $62,025 Within Five Miles
    • Brookhaven Blvd Traffic Counts –25,300 (2022)

Location

Agent

Jeff Rowlett

jeff.rowlett@marcusmillichap.com
262 364 1924

Jeff Rowlett is a leading Investment Advisor at Marcus & Millichap serving private capital investors in Chicago, Milwaukee and nationwide. Mr. Rowlett is widely recognized as a leading investment properties specialist. His expertise is in understanding the capital markets, knowing..

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