100% Leased Retail Property @ I-59 & Hardy Street
Retail-Commercial
for Sale
| Catylist Listing ID: |
30808857 |
| Property Subtypes: |
Free-Standing Building, Street Retail, Other
|
| Building Size (RSF): |
41,207 SF
|
| Gross Land Area: |
2.20 Acres
|
| Sale Price: |
$1,879,000 |
| Unit Price: |
$45.60 PSF |
| Property Use Type: |
Investment |
| Building Name: |
UPDOWN Inside Trampoline Park |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.6% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
1/29/2023 |
Overview / Comments
Southeast Commercial is pleased to offer this 100% Leased Retail Property consisting of 41,207 SF in three buildings which is situated on 2.2 Acres. Property is located on 41st Avenue in Hattiesburg, MS, directly in front of Home Depot and adjacent to Buffalo Wild Wings.
?Entire Property is master leased by one entity, which is occupied by UPDOWN Indoor Trampoline Park, Planet Beach Spray & Spa, and an independent salon. Lessee improvements to the premises since 2016 has been approximately $2MM. Contact listing broker for more info.
|
Additional Details
| Nearest MSA: |
Hattiesburg |
| County: |
Lamar |
| Tax ID/APN: |
051R-12-021.000 |
| Zoning: |
B-3 |
| Retail Clientele: |
General, Family, Tourist, Recreation |
| Property Located Between: |
Home Depot & Buffalo Wild Wings |
| Property Visibility: |
Good |
| Largest Nearby Street: |
I-59 |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
3 |
| Number of Stories: |
2 |
| Property Condition: |
Good |
| Year Built: |
1986 |
| Year Renovated: |
2016 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity |
| Heat Source: |
Central, Ceiling Units |
| Air Conditioning: |
Air Curtain, Package Unit |
| Internet Access: |
Cable, Satellite |
| Interior Description: |
See pictures. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,069 |
44,625 |
70,410 |
| Median Age: |
29.95 |
29.39 |
31.42 |
| Households: |
5,489 |
18,458 |
27,900 |
|
The information presented herein is provided as is, without warranty of any kind.
Neither MSCREX nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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