Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 20,480-square-foot, multi-tenant retail center located in Waynesboro, Mississippi. Waynesboro Plaza is 100 percent occupied, and all leases are triple-net. The tenant base features 100 percent national tenants, including Dollar Tree, CATO, AT&T, Advance America, and Hibbett Sporting Goods. Dollar Tree, CATO, and Advance America have occupied the center since origination. Constructed in 2003, the center is situated on a 2.2-acre parcel with ample paved parking. Waynesboro Plaza is located on Azalea Drive, positioned near the intersection of Sullivan Drive, and has multiple ingress and egress points. Traffic counts along Azalea Drive exceed 6,654 vehicles per day. The center is shadow-anchored by Walmart Supercenter; other neighboring national retailers include Tractor Supply Co., Popeyes Louisiana Kitchen, Wendy's, Sonic Drive-In, KFC, Walgreens, AutoZone Auto Parts, McDonald's, Dirt Cheap, Budget Inn, Travelers Inn & Suits and many others. Waynesboro Plaza is also in close proximity to multiple school campuses, providing additional traffic to the area. The average household income is $51,670 within three miles; $57,766 within five miles; and $62,036 within ten miles.