Winona Shopping Center

610 South Applegate Street, Winona, MS

THE ASSET

Home Hardware and AutoZone anchored center
AutoZone has been operating at the location since 1994
AutoZone is the #5 performing AutoZone in the state
POTENTIAL TO CARVEOUT 0.23 ACRE OUTPARCEL INCLUDED IN THE SALE
Recent ten-year deal executed with Home Hardware
Parent company of Home Hardware, Central Network Retail
Operates 145 locations across 16 states
Below market rents
Auto Zone rent: $4.95psf
Home Hardware rent: $2.97psf
The center is 95% occupied leaving upside for an investor
New lease with Delta Health proves the long-term viability of the shopping center
Purchase Price of $40psf significantly below replacement cost
Internet resistant tenant mix
New roof with +15 years of useful life remaining

THE MARKET

Asset is centrally located in the heart of Winona
Winona market is strongly influenced by agricultural industry
Primary employers in Winona are tied to the agricultural, manufacturing, and industrial industries
Amazon recently announced $11 Billion investment in Jackson to serve as their data Midwest hub
Winona has continued to make efforts for economic diversification through the attraction of new businesses in its commitment to long-term sustainability
Winona is located 1hr 40min from Memphis and 1hr 25min from Jackson