Cleveland Medical Mall
Office | 100,236 SqFt
Marketing description
Garito and Company is pleased to offer for sale a 100% fee simple interest in a 100,000 SF medical office shopping plaza which includes ample parking in the front of the building as well as outparcel & upside opportunities in Cleveland, Mississippi.
Investment highlights
- 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.
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