FOR SALE
Property Description
- Tenants Commitment to Center: Majority of the local tenants have been in the center for many years and even on month-to-month leases per landlord’s request showing commitment to center.
- New Roof & Facade: 5 of the 6 buildings have brand new roofs installed in 2022 and all 6 buildings have brand new façades.
- Upside Potential: Most the tenants are on Gross leases leaving the opportunity for new owner to increase NOI moving them to traditional NNN leases.
- Low Rents: All tenants are paying below market rents and many on MTM gives the new Landlord opportunity to increase rents to market rates.
- Portfolio Opportunity: An 8-parcel opportunity consisting of 6 newly renovated buildings and 2 land parcels giving control of almost the entire street.
- Southaven Growth: The population in a 5-mile radius grew over 7% from 2010-2022 and is expected to continue to grow over 1% annually through 2027
58,053
3 MILE RADIUS
POPULATION
$59,131
3 MILE RADIUS
AVERAGE HH INCOME
