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7982323
7743322

2308 US-45, Columbus, MS 39705

No Longer For Sale
MO
NC 31991
Colliers - Charlotte, North Carolina
MH
NC NC 303815, GA 436108 (+1)
Berkeley Capital Advisors Charlotte
Listed by Colliers - Charlotte, North Carolina, Berkeley Capital Advisors Charlotte
Unpriced
Updated 789 days ago
Closed

Columbus Centre | Repositioning Opportunity

Highly Trafficked Retail Corridor

Marketing description

For registration requirements and regulations, please review here or contact Alexsis Aguirre | 949-799-4658 | aaguirre@crexi.com.

Investors have the unique opportunity to reposition the former 117,082 SF Kmart box.

Columbus Centre is located in an opportunity zone, making the site eligible for preferential tax treatment.

The vacant box is 412’ by 282.2’, creating an ample amount of frontage for retail redevelopment. This will give investors flexibility when backfilling the center, allowing them to subdivide the space in a way that is suitable for prospective retailers.

In addition to the immediate backfill scenario of the former Kmart box, there is an opportunity to carve out outparcels in order to drive value. Given the location and strong fundamentals of the real estate, there are a variety of uses that could be pursued in the repositioning of the asset.

Columbus Centre is located just two minutes from Baptist Memorial Hospital- Golden Triangle, the seventh largest medical and surgical services provider in Mississippi. In addition, Columbus Air Force Base (10 minutes away) is the largest economic driver in the area contributing $315 million, or $750,000 a day, to the regional economy.

The asset has excellent visibility along the highly trafficked US Highway 45 N (29K VPD) and sits in the primary retail corridor serving Columbus, MS with complementary national tenants such as Kroger, Walmart Supercenter, T.J. Maxx, Hobby Lobby, PetSmart, Dicks Sporting Goods, and Belk.

Columbus Centre has five points of ingress/egress, each of which have left-hand and right-hand turn lanes.

  • Non-Contingent
  • Earnest Money Deposit is 10% of the Winning Bid Amount
  • Platform Fee: 3% of the Winning Bid Amount, $20,000 minimum
  • $10,000 Participation Deposit Required

2308 US-45 N, Columbus, MS 39705

Investment highlights

  • Repositioning Opportunity
  • Opportunity Zone
  • Ample amount of Frontage
  • Densification Opportunity
  • Proximity to Economic Drivers
  • Highly Trafficked Retail Corridor
  • Easy Access

Listing Contacts

MO
NC 31991
Colliers - Charlotte, North Carolina
MH
NC NC 303815, GA 436108 (+1)
Berkeley Capital Advisors Charlotte
Listed by Colliers - Charlotte, North Carolina, Berkeley Capital Advisors Charlotte

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