Village Crossing Shopping Center
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Kyle Carson

Senior Advisor

Michael Jaworski

Senior Advisor

DOWNLOAD LINKS

Download Property Information

PROPERTY ADDRESS

400-422 MS 12, Starkville, MS 39759

PROPERTY INFORMATION

Price:
$9,131,741
Cap Rate:
8.46%
Term Remaining:
Varies by Tenant Years
Year Built:
1973
Status:
Available

INVESTMENT HIGHLIGHTS

  • Less than 2 Miles from Mississippi State University
  • Tremendous Job Market Stability as part of the “Golden Triangle”
  • 13.50% In-Place cash-on-cash with extra vacancy taken out
  • Delivered Free and Clear of Debt
  • New Leasing Momentum with Tuesday Morning
  • 21%+ Levered IRR using Exit Cap of 9.0%
  • Starkville recently won 57 “Best of Mississippi” awards

INVESTMENT SUMMARY

Fortis Net Lease is happy to present this multi-tenant retail center with excellent traffic visibility on a major retail corridor (25,000+ VPD). The subject property is located on the main East West thoroughfare leading into campus (MS-12). The three mile non-college population exceeds 32,100 residents and the one mile population growth is projected at 3.15% by 2022. The average household income within 3 miles exceeds $54,600. Surrounding national retailers include Walmart, Lowe’s, Kroger, AutoZone, Dollar Tree, Walgreens, CVS, Tractor Supply, Advance Auto Parts, Starbucks and New Academy Sports.