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: 11/18/2022

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.

Attachments & Media

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

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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
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