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Shopping Strip

Brookhaven Plaza

958 Brookway Blvd, Brookhaven, MS 39601

Listing Price: $5,250,000

Cap Rate
8.09%
Gross SF
34,051
Rentable SF
34,051
Price/Gross SF
$154.18
Lot Size
3.92 acres
Year Built
2000

Investment Overview

Marcus & Millichap is pleased to present this Walmart shadow center in Brookhaven, Mississippi. The property is 100 percent occupied and has enjoyed strong historical occupancy as well. Over 78 percent of the tenants have been here since 2010, and the two anchors, Dollar Tree and Shoe Dept. Encore, both extended their leases in 2022.

Investment Highlights

  • 100 Percent Occupied, Anchored by Dollar Tree and Shoe Dept. Encore
  • Both Anchor Tenants have Corporate Guarantees and Extended Their Leases in 2022
  • Below Market Assumable Financing Available - See Page 10 of Offering Memorandum
  • Over 78 Percent of Gross Leasable Area has Occupied Since 2010
  • Well Maintained with $112,000 Recently Spent on Parking Lot, Lights, Paint, HVAC and Roof Work
  • Shadow Anchored by High Performing Walmart - 68th Percentile Nationwide per Placer.ai

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Shopping Strip

Brookhaven Plaza

Listing Price: $5,250,000

Cap Rate
8.09%
Gross SF
34,051
Rentable SF
34,051
Price/Gross SF
$154.18
Lot Size
3.92 acres
Year Built
2000

Investment Highlights

  • 100 Percent Occupied, Anchored by Dollar Tree and Shoe Dept. Encore
  • Both Anchor Tenants have Corporate Guarantees and Extended Their Leases in 2022
  • Below Market Assumable Financing Available - See Page 10 of Offering Memorandum
  • Over 78 Percent of Gross Leasable Area has Occupied Since 2010
  • Well Maintained with $112,000 Recently Spent on Parking Lot, Lights, Paint, HVAC and Roof Work
  • Shadow Anchored by High Performing Walmart - 68th Percentile Nationwide per Placer.ai

Investment Overview

Marcus & Millichap is pleased to present this Walmart shadow center in Brookhaven, Mississippi. The property is 100 percent occupied and has enjoyed strong historical occupancy as well. Over 78 percent of the tenants have been here since 2010, and the two anchors, Dollar Tree and Shoe Dept. Encore, both extended their leases in 2022.

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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