Grady Plaza
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Kyle Carson

Senior Advisor

Michael Jaworski

Senior Advisor

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PROPERTY ADDRESS

730 E. Fifteen St., Yazoo City, MS 39194

PROPERTY INFORMATION

Price:
$4,500,000
Cap Rate:
9.25%
Term Remaining:
Varies by Tenant Years
Year Built:
1978
Status:
Available

INVESTMENT HIGHLIGHTS

  • Grocery Anchored (Strong Sales PSF)
  • Great Occupancy History
  • Limited Retail Competition In The Area
  • Numerous National and Regional Tenants
  • Well Below Replacement Cost (< $60 PSF)
  • Surrounding Non-Residential Includes Yazoo City High School and two other private schools
  • 25.41% Levered IRR
  • Average Cash-on-Cash of 22.65%
  • Available Free and Clear of Debt

INVESTMENT SUMMARY

Fortis Net Lease is happy to present this multi-tenant retail center in Yazoo City. It is located in Central Mississippi 40 miles northwest of Jackson, MS. The three mile population exceeds 15,000 with limited retail competition. It is situated just of Yazoo City and this city center serves as the main retail destination for this side of town. The subject property has excellent visibility on a corner site and is located at a signalized intersection. Tenants include: Family Dollar, Factory Connection, Aaron’s Rent to Own (Now Buddy’s) and McDonald’s opened a 50’s style prototype on the outparcel.