Launch Trampoline Building 422 Riverwind Dr 33,610 SF 100% Leased Retail Building Pearl, MS 39208 $3,395,000 ($101.01/SF)
INVESTMENT HIGHLIGHTS
- Approx. 26,610 Sq. Ft Open Retail Suite Available.
- 3 Retail Suites totaling +/- 6,000 S.F. are leased to solid long term Tenants
- Area Tenants include Bass Pro, Sam's Club, & Cinemark Theater
- Building has great frontage & visibility on Interstate 20 & Riverwind
- Prime Signage fronting Interstate 20 & Riverwind
- Located just West of the Interstate 20 & Pearson Road Interchange
EXECUTIVE SUMMARY
The largest Tenant, Launch Trampoline, will be vacating the building upon sale.
The other 3 Tenants comprising approximately 6,000 Sq. ft. of space will remain and have been Tenants for many years.
The 3 tenants monthly lease payments totals just under $11,000 gross.
The other 3 Tenants comprising approximately 6,000 Sq. ft. of space will remain and have been Tenants for many years.
The 3 tenants monthly lease payments totals just under $11,000 gross.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$48,052
|
$1.43
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,052
|
$1.43
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
33,610 SF
Building Class
B
Year Built/Renovated
1999/2020
Price
$3,395,000
Price Per SF
$101.01
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
2.53 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
150 Spaces (4.46 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Dedicated Turn Lane
- Freeway Visibility
- Security System
- Signage
- Air Conditioning
- Fiber Optic Internet
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Open retail suite is currently occupied by a trampoline business.
| Space | Size | Space Use | Position | Available |
| 100 | 26,000 SF | Retail | End Cap | 60 Days |
100
| Size |
| 26,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 60 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | E08E-000023-00090 | Total Assessment | $343,255 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $48,052 ($1.43/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
