610 S Applegate St - Storefront FOR SALE


Winona, MS 38967
$2,087,000 USD
954-487-1097
610 S Applegate St, Winona, MS for Sale
$2,087,000 USD
Storefront - FOR SALE
1/22
null | 8.5% Cap Rate

610 S Applegate St
Winona, MS 38967


HIGHLIGHTS

  • Newly Renovated Shopping Center in the heart of Winona, MS with below-market rents
  • AutoZone has been operating at the location since 1994, showing a long tenant history
  • Recent ten-year, new lease, executed with Home Hardware
  • Home Hardware is the number #2 performing location in the state & operates 145 locations across 16 states; parent company Central Network
  • The center is 95% occupied leaving the upside for an investor & below-market rents
  • Potential to carve out 0.48 Acre Outparcel Included in the sale, which allows for a 3,700 SF building

OVERVIEW

Located in the heart of Winona, this property offers a prime opportunity for investors, anchored by well-established tenants Home Hardware and AutoZone. With AutoZone operating at this location since 1994, it is the #5 performing AutoZone in the state, making this an attractive and stable retail destination. Additionally, a recent ten-year lease deal with Home Hardware, part of Central Network Retail—which operates 145 locations across 16 states—adds to the long-term value of the asset. There is also the potential to carve out a 0.44-acre outparcel, providing flexibility for future development or additional investment. Winona's market is deeply influenced by its strong agricultural, manufacturing, and industrial industries, which serve as the backbone of its economy. The region has experienced a wave of economic diversification, with a focus on attracting new businesses to support long-term growth and sustainability. Amazon’s recent announcement of an $11 billion investment in Jackson to build a Midwest data hub further underscores the area's rising economic prominence. This continued investment in infrastructure and business opportunities ensures a favorable environment for both retail and industrial development. Strategically located just 1 hour 40 minutes from Memphis and 1 hour 25 minutes from Jackson, Winona offers an advantageous position for businesses looking to capitalize on regional connectivity. The mix of established retail anchors, growing economic diversification, and proximity to major transportation hubs makes this property a rare and valuable investment opportunity in a thriving community.

FOR SALE DETAILS

PRICE

$2,087,000 USD

PRICE/SF

$37 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Winona Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

-

APN/PARCEL ID

361-354000-0000000910

ASK ABOUT THIS PROPERTY

Justin WalkerFranklin StreetMore Info
954-487-1097

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

Justin WalkerFranklin StreetMore Info
954-487-1097

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