130 Marathon Way
Southaven, MS 38671
Sportsman's Warehouse · Retail Property For Sale

Prime Location in Southaven Towne Center: The Asset is strategically positioned as an outparcel to the 567,640 square foot Southaven Towne Center, a shopping center estimated to generate over $100 million in sales in 2017. Below-Market Rent and Low Occupancy Costs: The tenant is on-pace to eclipse $9 million in store sales this year, resulting in a rent-to-sales ratio of less than five percent. The $8.50 annual rent is well below what both the local market, as well as Sportsman’s as a tenant, can support. Absolute Net Lease Structure: The rental payments are 100% net to the landlord with no expenses offsetting the net operating income. The tenant recently exercised a renewal option, demonstrating their commitment to this store. Dominant Tenant Market Share: The only Sportsman’s Warehouse in all of Mississippi, the Property has great market share as many buyers travel from Tennessee where sales tax is 9.25% to this trade area in Mississippi where the sales tax is only 7.00%. Strong Real Estate Market Fundamentals: The Southaven-Horn Lake retail submarket has demonstrated tremendous historical performance. Currently 98 percent occupied, the market has maintained historical occupancy levels above 95 percent since 2012.