Highlights

• $2,000,000 Assumable Financing at 5.83% / 30 year am - Due Date 2/11/2016
• New Super Wal-Mart Shadow Center
• 100% Occupied w/ NNN Leases With 87% Corporate Guaranteed

• Fundamentaly Sound Rents at $17.23 Avg/psf
• 29,000 Vehicles Pass Subject Property Per Day
• Major College Community

Description

The property is a seven tenant strip center with 13,550 square feet of
net rentable area located in a highly concentrated retail area of
Hattiesburg, Mississippi. The center was newly constructed in 2000 and
is adjacent to the new Wal-Mart Super Center. The property is situated
on 1.176 acres with high traffic counts of over 29,000 cars per day. The
center is currently 100 percent occupied and is an excellent investment
for any potential investor. All leases are triple net and contain solid
rent increases with excellent opportunities for renewal. The center
consists of national and regional tenants which include Radio Shack,
Gamestop, UPS Store, Simply Fashions, Sally Beauty Supply and Quick
Cash. This center has an assumable note of 5.83 percent amortized for
30 years with a balloon payment in seven years February 2016. This
property has an excellent curb appeal and is well maintained.

The property is located on the main north/south US Highway 49 Artery
of Hattiesburg, MS and just down the street from the University of
Southern Mississippi and the local Hospital. The University of
Southern Mississippi is one of the largest institutions of higher learning
in the state with over 17,000 students. With a population of nearly
50,000 and the fourth largest city in the state, Hattiesburg is centrally
located less than 90 minutes from New Orleans, Louisiana and Mobile,
Alabama, the Gulf Coast and Jackson, Mississippi. The last census the
population growth was 10.32 percent which gives this area an
extremely bright future.

Hattiesburg is also home to William Carey University, Pearl River
Community College and the state treasure Camp Shelby National
Guard Training Center.