Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES TO STRONG RETAIL TENANT
» New 15-year absolute NNN lease
» Four (4) five (5) year option periods
» Strong corporate guarantee from investment-grade national tenant (NYSE: “CMG”)
» Absolute NNN lease requires no landlord management, ideal for passive investors
» Scheduled rental increases, providing a hedge against inflation

HIGH-TRAFFIC LOCATION IN DENSE, AFFLUENT, AND GROWING RETAIL CORRIDOR
» Conveniently located on North Gloster Street, with excellent visibility and access to 21,000 vehicles per day directly in front of the property
» Beneficial proximity to Highway 45 (39,000 AADT), increasing traffic to the location
» Population of 36,974 within five miles of the site
» Average annual household income of $164,826 within a one-mile radius
» Projected average annual household income increase of eight percent within one mile of the site in the next five years
» Surrounded by a strong mix of local and national retailers, including Lowe’s, Starbucks, Buffalo Wild Wings, Olive Garden, Walmart, Sam’s Club, Ross, Bed Bath & Beyond, Belk, HomeGoods, and many more
» Half a mile from the Mall at Barnes Crossing (12 million annual visitors), a major retail hub in Tupelo, increasing traffic to the property
» Tupelo serves as a regional hub, swelling by 300% each day per Tupelo’s Economic Development Department

NEW 2021 CONSTRUCTION
» 2021 construction featuring a dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs

Property Description

SOLD

The property is strategically located just off the hard corner of North Gloster Street and Mel Drive with 21,000 vehicles per day at the intersection. The subject property is located near The Mall at Barnes Crossings and just cross from a Lowe’s and Starbucks, promoting crossover shopping. The surrounding area is affluent and densely populated with 36,975 residents and an average household income over $78,000 within five miles of the property. The immediate area is poised for strong growth with average household income expected to increase over eight percent over the next five years within one mile of the property.

The subject property is centrally located in a growing retail corridor in a brand-new development with a Firestone adjacent to the site. The surrounding area is being rapidly developed with many retail sites under construction. The property is surrounded by a strong mix of local and national retailers, including Lowe’s, Starbucks, Buffalo Wild Wings, Olive Garden, Walmart, Sam’s Club, Ross, Bed Bath & Beyond, Belk, HomeGoods, and many more.