• Property City

    Cleveland

  • Property State

    Mississippi

  • Property Zip Code

    38732

  • Cap Rate

    7.75%

  • Property Type

    Investment

  • Property Lot Size

    9.28 +/-

  • Property Building Size

    100,236

  • Property Available SF

INVESTMENT HIGHLIGHTS

Garito and Company is pleased to offer for sale a 100% fee simple interest in a 97,000 SF medical office shopping plaza which includes ample parking in the front of the building as well as outparcel & upside opportunities in Cleveland, Mississippi.

  • Stable Tenants with Great Terms

Several leases have recently been extended with many tenant improvements completed. Leases are gross and tenants pay for utilities and janitorial service.

  • Medically Branded Outlet Mall w/ Upside

Lifepoint Health Systems is an unofficial extension of the hospital located directly across the street. Building is well maintained with over $400k in capital expenditures completed in the last two years. Existing vacancy is highly suitable for medical use and the demand for medical space is growing in this market. Outparcel opportunities are also available and could be sold or land leased. Plenty of upside opportunity!

  • Strategic Location

Property is located immediately off of Highway 8 with an AADT of 13,000. The medical mall is directly across the street from Bolivar Medical Center and is only 1.4 miles from Delta State University. Bolivar Medical Center is the hospital for the town of Cleveland, MS.

  • Traffic Generating Neighbors

This property is in the heart of a bustling retail area with traffic- generating neighbors like Walgreens, Kroger, Burger King, and more. See the map on page 8 for more information.

 

LEAD LISTING AGENT
Imagen de perfil

Dave Baltar

Broker Associate


Email:
dave@garitoco.com

Direct:
407-777-9660 x107

Mobile:
407-421-0777

ADDITIONAL LISTING AGENT
Imagen de perfil

Brooke Quttaineh, CCIM

Vice President of Retail

Reach out to us for additional information or questions