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),