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Details: Retail

Asking Price: $4,635,000

Square Feet: 11,932 SF

Asking Cap Rate: 7.25%

Year Renovated: 2008

NOI: $336,000

Windchase Shops

1725 Hwy 45 N, Columbus, MS

  • Excellent visibility and frontage along major retail corridor
  • Double Drive-Thru access for both end-cap tenants
  • Full concentration of national brand tenants Krispy Kreme, McAlister’s, Verizon, and GameStop
  • Near-term rent escalations providing immediate income growth
  • Only two tenants with options, providing future landlord flexibility
  • Long-term tenancy with 75% of tenants with 12 to 15 years of operating history. All tenants commenced 2018 or earlier.
  • Recent option exercises for McAlister’s and GameStop with zero concessions
  • Staggered lease expirations mitigate vacancy risks
  • Fully NNN Leases with administration fees
  • Shares signalized access with high-performing Kroger
  • Recently painted exterior in 2023
  • Centrally located within primary retail corridor
  • High traffic volumes with over 24,000 vehicles per day
  • Major traffic drivers in the immediate area include Walmart, Kroger, TJ Maxx, Ross, Hobby Lobby, Belk, and Dick’s Sporting Goods
  • High barriers to entry for new development
  • Columbus is the anchor city within the Golden Triangle which is a dynamic hub for advanced manufacturing, logistics, and aerospace technologies
  • Leigh Mall, located across the street, recently converted to outward-facing center with major national brands

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