4402 EAST ALOHA DRIVE, DIAMONDHEAD, MISSISSIPPI...
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4402 EAST ALOHA DRIVE, DIAMONDHEAD, MISSISSIPPI 39525
Transcript of 4402 EAST ALOHA DRIVE, DIAMONDHEAD, MISSISSIPPI...
4402 EAST ALOHA DRIVE, DIAMONDHEAD, MISSISSIPPI 39525
NO WARRANTY EXPRESSED OR IMPLIED HAS BEEN MADE AS TO THE ACCURACY OF THE INFORMATION PROVIDED HEREIN, NO LIABILITY FOR ERROR OR OMISSIONS.
43,861 SF retail center on approximately 4.87 acres with 220 parking spaces
Ideal location just off I-10 with visbility to 51,000 VPD (I-10) and 15,000 VPD (Gex Dr)
Most successful shopping center in the Diamondhead market; shadow anchored by
Rouses Market and CVS; new 20-year roof with warranty installed on suites 1-16 in
May 2015; roof above Dollar Tree and Goody’s was replaced in 2013
DIAMONDHEAD PLAZA
OUTPARCEL0.612 AC
*ownership different from shopping
center. available for sale/ground lease/
build-to-suit
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NO WARRANTY EXPRESSED OR IMPLIED HAS BEEN MADE AS TO THE ACCURACY OF THE INFORMATION PROVIDED HEREIN, NO LIABILITY FOR ERROR OR OMISSIONS.
ANCHORS Goody’s, Dollar Tree
OTHER TENANTS Goodwill Industries, H&R Block,
Urgent Care, Pizza Hut, US Post
Office, Keesler Federal Credit Union
SIZE 43,861 Square Feet
OUTPARCEL 0.612 Acre Outparcel
OCCUPANCY 96.6%
PRICE $4,850,000
IN-PLACE NOI $390,740.53
CAP RATE 8.05%
*Outparcel has different ownership. Is
for sale for $350,000 OR available for ground
lease/build-to-suit
NO WARRANTY EXPRESSED OR IMPLIED HAS BEEN MADE AS TO THE ACCURACY OF THE INFORMATION PROVIDED HEREIN, NO LIABILITY FOR ERROR OR OMISSIONS.
Gross (Goody’s, Dollar Tree) + NNN
US Post O! ce, H&R Block, Rose Nails and Mi Mexico executed " ve-year renewals within last 12 months
Two access points from Aloha Drive & Kalani Drive
15,000 vehicles per day (Gex Drive)
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9-10
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15-16
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18
Goodwill Industries
Natal’s Tabacco Hut
H&R Block
Keesler Federal Credit Union
US Post Office
Pizza Hut
Gwen’s Hair Now
VACANT
Rose Nails
Five Happiness Restaurant
Avery Gilliam Real Estate
Mi Mexico
Diamondhead Urgent Care
Dollar Tree
Goody’s
3,392
1,408
1,600
3,200
1,600
1,475
875
1,482
900
1,600
800
2,400
3,200
8,000
11,000
SUITE # TENANT SF
TOTAL 43,861
LEASE TYPES
RENEWALS
ACCESS
TRAFFIC
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ICO
ROSE
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GWEN’S
Unit(s) Tenant SF Lease From Lease To Monthly Monthly Annual Annual Annual Annual Annual Security Rent Rent Rent Rent Rec. Rec. Total Deposits
Per Area Per Area Per Area
STE-01 Goodwill 4,321 5/1/2013 5/31/2018 $ 3,960.92 0.92 $ 47,531.04 $ 11.00 $ 3.27 $ 14,129.67 $ 61,660.71 $ 2,522.53
STE-01A Natal's Tobacco Hut 1,408 8/1/2011 10/31/2021 $ 1,701.33 1.21 $ 20,415.96 $ 14.50 $ 2.61 $ 3,674.88 $ 24,090.84 $ 1,589.00
STE-02 H&R Block #23869 1,600 10/10/2004 4/30/2018 $ 1,766.00 1.10 $ 21,192.00 $ 13.25 $ 1.01 $ 1,616.00 $ 22,808.00 $ -
STE-03 Keesler Federal Credit Union 3,200 3/1/2015 8/31/2020 $ 3,333.33 1.04 $ 39,999.96 $ 12.50 $ 3.44 $ 11,008.00 $ 51,007.96 $ 3,333.33
STE-05 US Postal Service 1,600 4/1/2007 3/31/2022 $ 1,866.67 1.17 $ 22,400.04 $ 14.00 $ - $ - $ 22,400.04 $ -
STE-06 Pizza Hut 1,475 3/1/2012 2/29/2020 $ 1,826.00 1.24 $ 21,912.00 $ 14.86 $ 2.62 $ 3,864.50 $ 25,776.50 $ -
STE-08 Gwen Langford 875 3/1/2003 MTM $ 732.59 0.84 $ 8,791.08 $ 10.05 $ - $ - $ 8,791.08 $ 700.00
STE-11 Rose Nguyen 900 3/1/2007 3/31/2020 $ 1,500.00 1.67 $ 18,000.00 $ 20.00 $ - $ - $ 18,000.00 $ 1,500.00
STE-12 5 Happiness Restaurant 1,600 3/1/2007 3/31/2022 $ 2,319.85 1.45 $ 27,838.20 $ 17.40 $ - $ - $ 27,838.20 $ -
STE-13 Avery Gilliam Real Estate, LLC 800 5/1/2016 4/30/2021 $ 667.00 0.83 $ 8,004.00 $ 10.01 $ 3.27 $ 2,616.00 $ 10,620.00 $ 442.50
STE-14 Mi Mexico 2,400 11/1/2010 10/31/2020 $ 2,945.00 1.23 $ 35,340.00 $ 14.73 $ 2.62 $ 6,288.00 $ 41,628.00 $ 2,400.00
STE-15, STE-16 D'head Urgent Care Center 3,200 12/14/2010 10/31/2019 $ 3,466.66 1.08 $ 41,599.92 $ 13.00 $ 3.44 $ 11,008.00 $ 52,607.92 $ 1,733.33
STE-17 Dollar Tree Stores, Inc. 8,000 4/1/2013 1/31/2019 $ 5,833.33 0.73 $ 69,999.96 $ 8.75 $ - $ - $ 69,999.96 $ -
STE-18 Goody's 11,169 4/1/2013 1/31/2024 $ 7,911.38 0.71 $ 94,936.56 $ 8.50 $ - $ - $ 94,936.56 $ -
STE-07 VACANT 0 - - $ - 0.00 $ - $ - $ - $ - $ - $ -
STE-09 VACANT 782 - - $ - 0.00 $ - $ - $ - $ - $ - $ -
STE-10 VACANT 700 - - $ - 0.00 $ - $ - $ - $ - $ - $ -
TOTAL 44,030 $ 39,830.06 $ 477,960.72 $ 54,205.05 $ 532,165.77 $ 14,220.69
Total Units % GLA $55,363.68 INCOME $532,165.77OCCUPIED 15.00 96.6% 42,548.00 $31,537.56 EXPENSE $141,425.24 VACANT 3.00 3.40% 1,482.00 $54,524.00 NOI $390,740.53TOTAL 18.00 100% 44,030.00 $141,425.24
2017 Property Taxes
DIAMONDHEAD PLAZA
4402 E Aloha Dr, Diamondhead, MS 39525
2017 Estimated CAM 2017 Expense Total
2017 Property Insurance
NO WARRANTY EXPRESSED OR IMPLIED HAS BEEN MADE AS TO THE ACCURACY OF THE INFORMATION PROVIDED HEREIN, NO LIABILITY FOR ERROR OR OMISSIONS.
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DAVID PLUMMERP 205.314.0395
WWW.RETAILSPECIALISTS.COM
P.O. BOX 531247
BIRMINGHAM, AL 35253
