Retail and Storage with Billboard

Highlights

• 10 Retail Spaces- Fully Leased
• On-Site Billboard
• 90%+ Occupied

Description

SVN is pleased to present this 29,620 SF storage facility including 10 Retail Spaces and a Billboard located in Laurel, Mississippi. The Retail tenants have an average tenancy exceeding 10 years including Allstate Insurance making this a reliable investment property with occupancy consistently over 90%. The large Normandy Apartment complex is right next door and Third Party Management is in place. Laurel is a stable market with just under 20,000 people and an average household income of over $55,000. Well-maintained and ideally located, this property is an excellent choice for investors looking for a secure asset in a stable market, serving the Hattiesburg MSA, with a population exceeding 85,000. Drive-By traffic 14,000 VPD!

Laurel, Mississippi, is a vibrant city located in Jones County, known for its historic charm and steady growth. Laurel, MS has just under 20,000 people with a household average income of $55,000. As part of the Hattiesburg Metropolitan Statistical Area (MSA), Laurel benefits from proximity to the bustling Hattiesburg market while maintaining its unique appeal as a destination for both residents and businesses. The wider MSA providing access to a population of over 170,000, fueling demand for local services and amenities.

Conveniently situated off Interstate 59, Laurel serves as a strategic connection point between Hattiesburg and other major southern cities, offering excellent access and visibility for businesses. With a growing economy and ongoing developments, the area provides a solid foundation for long-term investment opportunities.

Documents