Magnolia District Shopping Center
5 Retail Properties Offered at $6,128,500 CAD in Petal, MS
INVESTMENT HIGHLIGHTS
- High-traffic commercial corridor experiencing steady economic and population growth. Long-term stable tenants with 10% vacancy for value add.
EXECUTIVE SUMMARY
This five-building retail investment portfolio offers a diverse and balanced tenant mix, including medical, service, and retail businesses, ensuring a stable and reliable revenue stream. Spanning 53,850 square feet, the properties are well-maintained and benefit from a high occupancy rate, with some tenants having been in place for years while others are secured under leases with substantial remaining terms. The inclusion of medical tenants adds stability to the income stream, while service-based businesses and retail tenants drive consumer traffic, creating a dynamic commercial environment. With long-term lease commitments in place and a strong demand for retail space in the area, this portfolio presents a turnkey investment opportunity in a thriving market.
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$598,478
|
| Other Income |
$59,211
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$657,689
|
| Taxes |
$75,748
|
| Operating Expenses |
$97,051
|
| Total Expenses |
$172,799
|
| Net Operating Income |
$484,890
|
PROPERTY FACTS
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1223-1227 Highway 42, Petal, MS 39465 | Retail | 11,418 SF | 2002 | - |
| 1231 Hwy 42, Petal, MS 39465 | Retail | 11,724 SF | 2002 | - |
| 1233 Highway 42, Petal, MS 39465 | Retail | 4,049 SF | 2005 | - |
| 1225 Highway 42, Petal, MS 39465 | Retail | 2,600 SF | 2005 | - |
| 1229 Highway 42, Petal, MS 39465 | Retail | 24,194 SF | 2002 | - |
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