Westwood Square Shopping Center 4400 Hardy St

Herrington Realty is pleased to present the opportunity to purchase Westwood Square Shopping Center, located at 4400 Hardy Street in Hattiesburg, Mississippi. This established shadow grocery retail center, built in 1982, boasts a total gross leasable area (GLA) of 78,227 square feet across a 9.41-acre lot. With 15 diverse tenants, including anchor tenants such as Michaels, Harbor Freight, and Walk-On's (which has a new roof), the center maintains a high occupancy rate of 98.1%, leaving only a 1,500 square foot space vacant. The center is strategically positioned on US Highway 98, a major retail corridor with a traffic count exceeding 63,000 vehicles per day, ensuring excellent visibility and accessibility. Additionally, the property includes 300 parking spaces, enhancing convenience for shoppers. The deal comes with an assumable non-recourse loan, providing financial flexibility for prospective buyers.