Village Crossing Shopping Center

CONTACT US REGARDING THIS LISTING

Kyle Carson

Senior Advisor

Michael Jaworski

Senior Advisor

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PROPERTY ADDRESS

400-422 MS 12, Starkville, MS 39759

PROPERTY INFORMATION

Price:
$8,900,000
Cap Rate:
8.14%
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.