Westwood Square Shopping Center

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 16 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 100%.​ 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 330 parking spaces, enhancing convenience for shoppers.​ The deal comes with an assumable non-recourse loan, providing financial flexibility for prospective buyers.​

The property is in Hattiesburg, Mississippi, known as the "Hub City," and is a vibrant and growing community with a rich history and a dynamic economy.​ Centrally located in South Mississippi, Hattiesburg serves as a regional hub for commerce, education, and healthcare, with two major universities—The University of Southern Mississippi and William Carey University—bringing a youthful energy and innovation to the area.​ The city boasts a diverse economy supported by a strong retail sector, healthcare, and education, making it an attractive location for businesses and investors.​ Hattiesburg's strategic position at the intersection of major highways, including US Highway 98, ensures excellent connectivity and accessibility, contributing to its steady growth and development.​ The city offers a high quality of life with numerous cultural, recreational, and entertainment options, making it a desirable place to live, work, and invest.​

Listing broker and other broker’s at Herrington Realty have ownership in the property

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  Assumable CMBS 3.88% Fixed Rate Loan

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  Maturity Date 5/1/31

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  Balance +- $7,450,000

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  Non-Recourse

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  Landlord responsible for roof, exterior walls & Foundation for Walk-On’s.

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  Grocery Shadow Anchor center to Winn-Dixie