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2440 N Hills St
Meridian, MS 39305
Meridian Retail Corridor · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
10,691 SF
Building Class
C
Year Built
1991
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.12 AC
Frontage
1,000’ on North Hills Street

ABOUT 2440 N HILLS ST , MERIDIAN, MS 39305

Subject property is located in the heart of North Meridian’s most traveled retail corridor. With 12 buildings totaling 63,012 square feet, this retail portfolio presents investors with a rare opportunity to acquire a steady cash flowing property with enormous upside at an irreplaceable location. The property features 1,000 feet of street frontage in the heart of Meridian’s most popular retail corridor. The current landlord was the driving force that lead to the creation of North Hills Street. Over the years he has watched what once was a wooded area develop into a thriving retail corridor that services over 50,000 consumers. He is now retiring to spend more time with family out of state. This is a rare opportunity with tremendous upside through conversion of month to month leases and increases in below market rents. The portfolio offers a diverse mix of retail, service and healthcare tenants sheltering the portfolio from any ecommerce effect. The property is surrounded by growing retail and fast food development. Some of those tenants include: Taco Bell, McDonald’s, CVS, Walgreens, Dollar General, Domino’s, Pizza Hut, Wendy’s, McAlister’s Deli, KFC, Sonic, Firestone, Advance Auto Parts and Waffle House. The North Hills Street retail corridor serves as the main retail area for North Meridian and neighboring communities. With traffic counts of 17,000+ vehicles per day North Hills Street is one of the busiest streets throughout Meridian, and the neighborhood of North Hills has the highest average income in Meridian.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
139-31-2-0000-000-01207
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$116,113
  • Listing ID: 13291488

  • Date on Market: 7/26/2018

  • Last Updated:

  • Address: 2440 N Hills St, Meridian, MS 39305

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