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Available For Sale - Retail

29,480 SF

AVAILABILITY DETAILS

Size
29,480 SF
Price/SF
N/A - Contact for Info
Listing ID
SA255306
Notes
Halls Ferry Junction (the “Property”) is a single-story retail shopping center comprised of one completed 21,400 square foot building, and one 8,080 square foot shell building. Originally constructed in 2008, with the 21,400 SF building completed in 2012, the Property is conveniently located off of exit 1C along I-20 West in the bustling city of Vicksburg, Mississippi. Halls Ferry Junction represents the opportunity to acquire a well-constructed retail center situated along a prominent intersection on major east-west interstate artery I-20. |Halls Ferry Junction boasts excellent access, two points of ingress / egress along Halls Ferry Rd, and one point of ingress / egress along South Frontage road. Halls Ferry Junction shares a parking lot with high traffic tenants Chick-Fil-A and |Walgreens. |Currently 95% leased to 8 tenants, with a weighted average NNN in-place rents of $11.68 per square foot, Halls Ferry represents the rare opportunity to acquire a 95%-leased multi-tenant retail center with a construction-ready, pre-built shell in one of Mississippi’s most vibrant and active cities. Vicksburg is home to a $250M / year casino and a National Military Park which draws an estimated one million tourists each year. |Halls Ferry will benefit from a tax incentive package worth approximately $35,000 annually for 7 years once the 8,080 square foot shell is complete. The 21,400 square foot main building is home to a variety of e-commerce resistant dining, government, and medical tenants with an average weighted in-place lease term of over 4.5 years, with all tenants having renewal options at the end |of their current term. |With an area population of over 280,000, representing a total 104,578 households, and an average household income of over $47,000 located within a 45-minute drive, Halls Ferry is a true ‘diamond in the rough’ and is located in a retail micro-market that boasts high-draw and e-commerce resistant retailers such as Home Depot and Chick Fil-A.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Theresa Johnson, Avison Young