Waynesboro Plaza | 1310 Azalea Dr
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Waynesboro Plaza 1310 Azalea Dr
20,480 SF 100% Leased Retail Building Waynesboro, MS 39367 $3,086,400 ($151/SF) 8.13% Cap Rate
Investment Highlights
- 20,480-Square-Foot, Multi-Tenant Retail Center
- Strong Tenant Based Featuring 100% National Tenants | 93% of the GLA is Leased to Publicly Traded Companies| Dollar Tree, CATO, AT&T, Hibbett Sports
- Shadow-Anchored by Walmart Supercenter
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
20,480 SF
Building Class
B
Year Built
2003
Price
$3,086,400
Price Per SF
$151
Cap Rate
8.13%
NOI
$250,912
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.20 AC
Opportunity Zone
Yes
Parking
67 Spaces
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 063C-06-00100102 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $177,099 |
PROPERTY TAXES
Parcel Number
063C-06-00100102
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$177,099
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Waynesboro Plaza | 1310 Azalea Dr
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