Description
Marcus and Millichap is pleased to present The Cran Mart East Strip
Center of Hattiesburg, MS.
The property is a 9 tenant strip center with approximately 8,560 Square
Feet of net rentable area located in the highest shopping activity area in
Hattiesburg, MS. The center was constructed approximately in 1994 and
is adjacent to and the Main Entrance to the Sam' Club. This center is a
shadow center to both Sam' s Club and the adjacent Wal-Mart Super
Center. The property is situated on approximately .6053 acres with
traffic counts of 40,000+ cars per day. The center is 82 % occupied with
upside potential. The excellent location of this strip center makes it a
candidate for a remodel to maximize the potential rent for the area. All
the leases are Triple Net. The center consists of local tenants.
The property is located on the main east/west artery of Highway 98 in
Hattiesburg, MS and just a few miles from the University of Southern
Mississippi and a local Hospital. The University of Southern Mississippi
is one of the largest institutions of higher learning in the state with over
17,000 students. This is a Wal-Mart Super Center and Sam' s Club
Shadow Center with a traffic signal. Across the street is the Target, Old
Navy, Petsmart, Bed, Bath & Beyond, Ross, Ashley Furniture, and Dollar
Tree with several other strip centers that include Radio Shack, Smoothie
King, Cold Stone Creamery and Jackson Hewitt. It also has TGI Friday' s,
Logan' s Roadhouse, Chick Filet, Back Yard Burgers, Domino' s and
Captain D' s on outparcels. Also across the street is the Turtle Creek Mall
which includes: Sears, J C Penny, Dillard' s, Belk, Kohl' s, and Chuck E
Cheese. Mall outparcels include: Burger King, Wachovia Bank, Pizza
Hut and Pier One.
With a population of over 59,000 in a five mile radius and the fourth
largest city in the state, Hattiesburg is centrally located less than 90
minutes from New Orleans, Mobile, AL the Gulf Coast and Jackson, MS.