Winona Shopping Center

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