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507 18th Ave N
Columbus, MS 39705

$4,500,000 USD

Storefront For Sale  •  17,906 SF

Property Details

  • Property Type Storefront
  • Total Building Size 116,363 SF
  • Lot Size 9.41 AC
  • Building Class C
  • Year Built 1983
  • Cap Rate 8.82 %
  • Tenancy Multiple
  • Zoning No Zoning
0 Transit Score
52 Walk Score

Highlights

Prime Location: The Towne Square Shopping Center is Situated in a Highly Desirable and Easily Accessible Location
Anchored Tenants: The Presence of Well-Known and Established Anchor Tenants, Such as Large Retail Chains and Local Tenants
Diverse Tenant Mix: A Well-Balanced Mix of Retail, Dining, Fitness, and Service-Oriented Tenants That Cater to a Wide Range of Consumer Needs
Strong Occupancy Rate: A High Percentage of Leased Space With a Low Vacancy Rate, Indicating Strong Demand
Recent Improvements and Renovations to the Shopping Center That Enhance Its Functionality Include Updated HVAC Units
Excellent Visibility and Traffic Flow From Major Roads and Highway 82
Cap Rate: 8.82 %

Major Tenants

Tenant SF Occupied Lease End Date
A-1 Insurance 1,200 SF 6/30/2025
CLT Foods of Columbus 2,400 SF 12/31/2025
Dirt Cheap 40,000 SF 12/31/2027
Fidelity National 1,600 SF 9/30/2026
Golden Thai Restaurant 1,600 SF 6/30/2024
Jackson Hewit Tax 1,600 SF 4/30/2026
Lovender Nails & Spa 1,200 SF 12/31/2024
Max Muscle 1,600 SF 1/31/2028
National Cash Advance 1,600 SF 7/31/2025
Town Square Liquor 2,400 SF 10/31/2026

Public Transportation

AirportDriveWalkDistance
Golden Triangle Regional 22 min - 13.4 mi
Rahill Lakhani 770-880-0339 Sands Investment Group Atlanta, LLC
Rahill Lakhani 770-880-0339 Sands Investment Group Atlanta, LLC