Skip to main content

Shopping Strip

Winston Place

199-215 Highway 15 South, Louisville, MS 39339

Listing Price: $1,900,000

Cap Rate
8.33%
Gross SF
13,650
Rentable SF
13,650
Price/Gross SF
$139.19
Lot Size
2.70 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 13,650-square foot, multi-tenant retail center located Louisville, Mississippi. Winston Place is currently 93 percent occupied, and 65 percent of the gross leasable area has triple-net leases. The center is comprised of national and regional credit tenants, consisting of Pizza Hut, H&R Block, Express Check Advance, Cellular South, Inc., and Greater Meridian Health Clinic. Pizza Hut (Owned by Yum! Brands) and H&R Block are publicly traded companies on the New York Stock Exchange under the symbols YUM and HRB. Pizza Hut is operated by NCP International, the largest Pizza Hut franchisee in the world. Pizza Hut is located on the west end cap and has a convenient drive-through window. Constructed in 2005, the building is situated on a 2.7-acre lot. Winston Plaza is located on the east side of State Highway 15. Traffic counts in front of the property exceed 6,800 vehicles per day. The property shares a parking lot with Dollar General and is adjacent to a Walmart Supercenter, the only Walmart location within a 25 mile radius. Other national retailers in the area include Cato, Kentucky Fried Chicken, Little Caesars Pizza, McDonalds, Chevron, Quality Inn, and others. Winston Plaza is less than three miles from Winston Medical Center, which serves as the only hospital in Winston County.

Investment Highlights

  • 13,650-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Walmart Supercenter and Dollar General
  • 93% Occupied | 65% of the Gross Leaseable Area has Triple-Net Leases | Upside Potential in Leasing the Vacant Space and Converting all Leases to Triple-Net
  • Pizza Hut Lease is Operated by NCP International | Operates more than 1,200 Pizza Hut Locations in 27 States | They are the 5th Largest Restaurant Operator in the United States and the Largest Pizza Hut Operator in World
  • Located in the City's Main Retail Corridor on State Highway 15

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Listing Price: $1,900,000

Cap Rate
8.33%
Gross SF
13,650
Rentable SF
13,650
Price/Gross SF
$139.19
Lot Size
2.70 acres
Year Built
2005

Investment Highlights

  • 13,650-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Walmart Supercenter and Dollar General
  • 93% Occupied | 65% of the Gross Leaseable Area has Triple-Net Leases | Upside Potential in Leasing the Vacant Space and Converting all Leases to Triple-Net
  • Pizza Hut Lease is Operated by NCP International | Operates more than 1,200 Pizza Hut Locations in 27 States | They are the 5th Largest Restaurant Operator in the United States and the Largest Pizza Hut Operator in World
  • Located in the City's Main Retail Corridor on State Highway 15

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 13,650-square foot, multi-tenant retail center located Louisville, Mississippi. Winston Place is currently 93 percent occupied, and 65 percent of the gross leasable area has triple-net leases. The center is comprised of national and regional credit tenants, consisting of Pizza Hut, H&R Block, Express Check Advance, Cellular South, Inc., and Greater Meridian Health Clinic. Pizza Hut (Owned by Yum! Brands) and H&R Block are publicly traded companies on the New York Stock Exchange under the symbols YUM and HRB. Pizza Hut is operated by NCP International, the largest Pizza Hut franchisee in the world. Pizza Hut is located on the west end cap and has a convenient drive-through window. Constructed in 2005, the building is situated on a 2.7-acre lot. Winston Plaza is located on the east side of State Highway 15. Traffic counts in front of the property exceed 6,800 vehicles per day. The property shares a parking lot with Dollar General and is adjacent to a Walmart Supercenter, the only Walmart location within a 25 mile radius. Other national retailers in the area include Cato, Kentucky Fried Chicken, Little Caesars Pizza, McDonalds, Chevron, Quality Inn, and others. Winston Plaza is less than three miles from Winston Medical Center, which serves as the only hospital in Winston County.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

MM Texture Background
MM Textured Background Lower