Retail Specialists, Inc. is pleased to present Parkside Plaza Shopping Center, a 112,945 square foot retail center situated on a 12.71 acres of land located in Laurel, Mississippi. The property is in good condition after significant upgrades by current owners and is priced at a conservative 9.5% CAP Rate on current income.
The center has only one small vacancy currently and there is upside from tenants paying percentage rent, below market rent, and a signed LOI with Smoothie King (not in current NOI) to ground lease an out parcel.
Please contact John Moss, owner agent with any questions. - Number of buildings: 1 - Building condition: Good - Tenancy: Multiple Tenants
|25 Mb/s: Comcast|
|6 Mb/s: Dixie-Net|
|1.5 Mb/s: AT&T Mississippi|
|3 Mb/s: TEC of Jackson, Inc|
|768 kbps: Megagate Broadband|
|3 Mb/s: Network Telephone Corporation/Cavalier Telephone|
Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.