Winston Place Shopping Center Investment Property in Loui...

 
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Patrick Hammond

Fortis Net Lease

Office Phone: 248-419-3808

Cell Phone: 810-624-1990

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Published on: Wednesday, February 25, 2015 9:42:17 PM
Updated on: Thursday, February 26, 2015 9:30:13 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Mississippi-40988

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 93.41%

Year Build: 2005

 

Building Size: 22,664 SqFt

Lot Size: 2 Acre

No of Stories: 1

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Fortis Net Lease is proud to present Winston Place Shopping Center, which consists of a free-standing Dollar General and a 13,300 square foot shopping center anchored by Greater Meriden Health . The property is located in Louisville, Mississippi on the east side of Highway 15 South. Dollar General recently extended their lease by 5 years, leaving an investor with 5.5 years remaining on the primary term that includes approximately seven (7.0%) percent rental increases at each option period. The shopping center consists of five (5) store fronts and is 100% occupied, offering a great opportunity for an investor looking to purchase a pas-sive income single tenant asset coupled with a multi-tenant center with a seasoned tenant base.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 9.31

Commission Split (%): 0

Complete Details


Year Build: 2005

Building Size: 22,664 SqFt.

No of Stories: 1

Total Lot Area: 2.00 Acre

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Heating and Cooling

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Metal

Occupancy: 93.41%

Full Description


Fortis Net Lease is proud to present Winston Place Shopping Center, which consists of a free-standing Dollar General and a 13,300 square foot shopping center anchored by Greater Meriden Health . The property is located in Louisville, Mississippi on the east side of Highway 15 South. Dollar General recently extended their lease by 5 years, leaving an investor with 5.5 years remaining on the primary term that includes approximately seven (7.0%) percent rental increases at each option period. The shopping center consists of five (5) store fronts and is 100% occupied, offering a great opportunity for an investor looking to purchase a pas-sive income single tenant asset coupled with a multi-tenant center with a seasoned tenant base. The subject property is ideally located adjacent to a Walmart Supercenter. Pizza Hut’s lease is guaranteed by NPC International a 1,400+ unit operator. Pizza Hut (NPC International),

Additional Properties


Features
  • Subject Property is Ideally Located Adjacent to Walmart Supercenter
  • Pizza Hut’s Lease is Guaranteed by NPC International (1,400+ Unit )
  • Pizza Hut (NPC International), Dollar General and Express Check Advance Have All Shown Commitment to the Subject Property by Recently Exercis-ing Their Lease Renewal Options
  • Dollar General Has Already Executed Their First 5 Year Lease Renewal
  • The Subject Property is Surrounded by Numerous National Retailers and Restaurants Such as Walmart, Wendy’s, Taco Bell, KFC, Best Western, Sub-way, McDonald’s, Cato, Exxon, Chevron and Other Local Retailers

Attached Documents


 Download | Winston Place Shopping Center - Louisville, MS - Fortis OM.pdf ( 4,861.71KB)

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