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Towne Square Shopping Center 507 18th Ave N

116,363 SF 100% Leased Retail Building Columbus, MS 39705 $4,500,000 ($39/SF) 8.82% Cap Rate

Storefront Properties Mississippi Columbus 507 18th Ave N, Columbus, MS 39705

Investment Highlights

  • Prime Location: The Towne Square Shopping Center is Situated in a Highly Desirable and Easily Accessible Location
  • Diverse Tenant Mix: A Well-Balanced Mix of Retail, Dining, Fitness, and Service-Oriented Tenants That Cater to a Wide Range of Consumer Needs
  • Recent Improvements and Renovations to the Shopping Center That Enhance Its Functionality Include Updated HVAC Units
  • Anchored Tenants: The Presence of Well-Known and Established Anchor Tenants, Such as Large Retail Chains and Local Tenants
  • Strong Occupancy Rate: A High Percentage of Leased Space With a Low Vacancy Rate, Indicating Strong Demand
  • Excellent Visibility and Traffic Flow From Major Roads and Highway 82

Executive Summary

Sands Investment Group is Pleased to Present Exclusively For Sale the 17,906 SF Towne Square Shopping Center Located at 507 18th Avenue North in Columbus, MS. This Deal Includes a Shopping Center With Well-Balanced Mix of Retail, Dining, Entertainment and Service-Oriented Tenants That Cater to a Wide Range of Consumer Needs, Ensuring a Dynamic Shopping Experience, Providing For a Stable Investment.

In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
116,363 SF
Building Class
C
Year Built
1983
Price
$4,500,000
Price Per SF
$39
Cap Rate
8.82%
NOI
$396,761
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
9.41 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
No Zoning - Shopping Center

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • A-1 Insurance
  • Administrative and Support Services
  • 1,200 SF
  • -
  • Jun 2025
  • CLT Foods of Columbus
  • Accommodation and Food Services
  • 2,400 SF
  • -
  • Dec 2025
  • Dirt Cheap
  • Retailer
  • 40,000 SF
  • -
  • Dec 2027
  • Fidelity National
  • Retailer
  • 1,600 SF
  • -
  • Sep 2026
  • Golden Thai Restaurant
  • Accommodation and Food Services
  • 1,600 SF
  • -
  • Jun 2024
  • Jackson Hewit Tax
  • Retailer
  • 1,600 SF
  • -
  • Apr 2026
  • Lovender Nails & Spa
  • Administrative and Support Services
  • 1,200 SF
  • -
  • Dec 2024
  • Max Muscle
  • Retailer
  • 1,600 SF
  • -
  • Jan 2028
  • National Cash Advance
  • Accommodation and Food Services
  • 1,600 SF
  • -
  • Jul 2025
  • Town Square Liquor
  • Retailer
  • 2,400 SF
  • -
  • Oct 2026
Tenant Industry SF OCCUPIED RENT/SF Lease End
A-1 Insurance Administrative and Support Services 1,200 SF - Jun 2025
CLT Foods of Columbus Accommodation and Food Services 2,400 SF - Dec 2025
Dirt Cheap Retailer 40,000 SF - Dec 2027
Fidelity National Retailer 1,600 SF - Sep 2026
Golden Thai Restaurant Accommodation and Food Services 1,600 SF - Jun 2024
Jackson Hewit Tax Retailer 1,600 SF - Apr 2026
Lovender Nails & Spa Administrative and Support Services 1,200 SF - Dec 2024
Max Muscle Retailer 1,600 SF - Jan 2028
National Cash Advance Accommodation and Food Services 1,600 SF - Jul 2025
Town Square Liquor Retailer 2,400 SF - Oct 2026

Links

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Nearby Major Retailers

Cook Out
1st Heritage Credit
Buddy's Home Furnishings
WW
Kroger
Starbucks
Planet Fitness
Renasant Bank
McAlister's Deli
Cracker Barrel

PROPERTY TAXES

Parcel Number 56W16-00-03800 Improvements Assessment $0
Land Assessment $0 Total Assessment $411,665

PROPERTY TAXES

Parcel Number
56W16-00-03800
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$411,665
(770) 880-0339

Contact

  • Listing ID: 29213240

  • Date on Market: 8/8/2023

  • Last Updated:

  • Address: 507 18th Ave N, Columbus, MS 39705

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Towne Square Shopping Center | 507 18th Ave N
(770) 880-0339 x

Towne Square Shopping Center | 507 18th Ave N

Rahill Lakhani

(770) 880-0339

(770) 880-0339

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