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2041 US-45 54,052 SF 100% Leased Retail Building Columbus, MS 39705 $5,596,000 ($103.53/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Anchored by Dick's Sporting Goods and Michaels, both of which require minimal landlord responsibilities, limited only to roof and building structure
- Dick’s Sporting Goods has over 850 locations while Michael’s has over 1,450 locations, with both tenants offering excellent credit
- The asset is located in the heart of the primary retail trade area within the Columbus market, anchored by Walmart, Kroger, and TJ Maxx
- Recently developed two-tenant retail asset limits capital repairs for an investor during the hold period
- Dick’s Sporting Goods represents the top Sporting Goods store in a 15-mile radius and is one of the top performers in the state of Mississippi
EXECUTIVE SUMMARY
Atlantic Capital Partners is pleased to present the exclusive opportunity to acquire 2041 US-45 N, a stabilized 2 tenant retail center located in Columbus, Mississippi. The 1.85 acre site features a 54,052 square-foot retail building, fully leased to Dick’s Sporting Goods and Michael’s and shadow-anchored by Belk, delivering immediate income and long-term cashflow. Positioned along the market’s dominant North/South retail corridor, the property serves a strong trade area population of more than 53,000 and includes impressive average household income in a 1-mile radius of $84,771. With substantial frontage along Hwy 45 N within the heart of the Columbus retail node, the asset provides excellent visibility and convenient access to the region’s primary highway (30k VPD). This asset is being offered free and clear of existing debt and will accept offers on a first come first serve basis.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
54,052 SF
Year Built
2014
Price
$5,596,000
Price Per SF
$103.53
Cap Rate
7%
NOI
$391,720
Percent Leased
100%
Building Height
1 Story
Building FAR
0.68
Lot Size
1.83 AC
Opportunity Zone
Yes
Zoning
C-3 - Highway Commercial
Parking
400 Spaces (7.4 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
1 of 6
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2041 US-45
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