2041 US-45 - Retail FOR SALE


Columbus, MS 39705
$5,596,000 USD
978-854-2126
2041 US-45, Columbus, MS for Sale
$5,596,000 USD
Retail - FOR SALE
1/5
null | 7% Cap Rate

2041 US-45
Columbus, MS 39705


HIGHLIGHTS

  • Anchored by Dick's Sporting Goods and Michaels, both of which require minimal landlord responsibilities, limited only to roof and building structure
  • Recently developed two-tenant retail asset limits capital repairs for an investor during the hold period
  • Dick’s Sporting Goods has over 850 locations while Michael’s has over 1,450 locations, with both tenants offering excellent credit
  • Dick’s Sporting Goods represents the top Sporting Goods store in a 15-mile radius and is one of the top performers in the state of Mississippi
  • The asset is located in the heart of the primary retail trade area within the Columbus market, anchored by Walmart, Kroger, and TJ Maxx

OVERVIEW

Atlantic Capital Partners is pleased to present the exclusive opportunity to acquire 2041 US-45 N, a stabilized 2 tenant retail center located in Columbus, Mississippi. The 1.85 acre site features a 54,052 square-foot retail building, fully leased to Dick’s Sporting Goods and Michael’s and shadow-anchored by Belk, delivering immediate income and long-term cashflow. Positioned along the market’s dominant North/South retail corridor, the property serves a strong trade area population of more than 53,000 and includes impressive average household income in a 1-mile radius of $84,771. With substantial frontage along Hwy 45 N within the heart of the Columbus retail node, the asset provides excellent visibility and convenient access to the region’s primary highway (30k VPD). This asset is being offered free and clear of existing debt and will accept offers on a first come first serve basis.

FOR SALE DETAILS

PRICE

$5,596,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,741 SF

ZONING

C-3

APN/PARCEL ID

57W12-00-04807

ASK ABOUT THIS PROPERTY

Teddy DriscollAtlantic RetailMore Info
978-854-2126

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Teddy DriscollAtlantic RetailMore Info
978-854-2126

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.