WEST HATTIESBURG€¦ ·  · 2017-08-08• Protective retail corridor code in place ... • 16th...

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GREATER HATTIESBURG, MISSISSIPPI WEST HATTIESBURG RETAIL PROPERTIES

Transcript of WEST HATTIESBURG€¦ ·  · 2017-08-08• Protective retail corridor code in place ... • 16th...

GREATER HATTIESBURG, MISSISSIPPI

WEST HATTIESBURGRETAIL PROPERTIES

CONTENT

WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP02

04

05

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Retail Competition Map

Available Properties Map

Available Properties

Available Retail Spaces

Demographics

AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 03

Greater Hattiesburg is home to a vibrant culture, diverse economy, high quality of life and a world of opportunity. Covering a three county area in South Mississippi, the Hattiesburg Metropolitan Statistical Area encompasses Forrest, Lamar and Perry Counties, with a population of nearly 150,000. Nicknamed the Hub City, Hattiesburg is centrally located between Jackson, MS, Gulfport/Biloxi, MS, New Orleans, LA and Mobile, AL, offering a mix of big city advantages and small town charm.

GREATER HATTIESBURGAT A GLANCE

RETAIL DEVELOPMENTAND PROJECT MANAGEMENTThe Economic Development Division at the Area Development Partnership (ADP) provides a comprehensive project management approach to retail development. This assistance is available to businesses of all sizes from small boutique stores to multinational corporations investing in restaurants and retail stores. Retail development assistance is available for all aspects of the development phase including but not limited to: overall market analysis, marketing trends, comparison studies, real estate selection, recommendations for construction services and other project needs, as well as assistance with all permitting needs. The project management team works closely with commercial realtors to stay abreast regarding available commercial buildings and greenfield sites.

There are many key areas ready for increased retail development throughout Greater Hattiesburg. The project management team at the Area Development Partnership is ready to help analyze these different areas, find suitable locations within each, and guide you through the start-up phase. If you are interested in Greater Hattiesburg, allow our Economic Development Division to go to work for you and help you get established in the marketplace at the right location in a timely fashion.

CONTACT US

Todd JacksonVice President of

Economic Development601-296-7509

[email protected]

Chad NewellPresident

[email protected]

Markus SimmonsProject Manager

[email protected]

City of Hattiesburg ranks

#2 for retail sales in

the state.

Hattiesburg has ranked in the

top 50 for Restaurant

Growth for the past five years. (Nielson)

HIGHWAY 98

d

e g

f

Ab

c

HIGHWAY 589

NEWPOINT SHOPPING CENTERa c LAKE FORGETFUL

SHOPPING CENTERb THE RIDGE AT TURTLE CREEK

TURTLE CREEK CROSSINGd WALMART

SHOPPING CENTERETURTLE CREEK MALLF

HOBBY LOBBY SHOPPING CENTERG

1 2

3 4

56 10

9

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HATTIESBURG MSA OVER $3.1B IN

RETAIL LAST YEAR

WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP04

24,00032,000

38,000

2016 AVERAGE HOUSEHOLD INCOME

$94,074 to $125,432$62,716 to $94,073$31,358 to $62,715$0 to $31,357

7 8

RETAIL COMPETITION

HIGHW

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AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 05

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AVAILABLEPROPERTY

PROPERTY A 103 ACRES

a

b

C

HIGHWAY 589

HIGHWAY 98

HIGHWAY 98 AT HIGHWAY 589• 103 acres +/- total• 2-7 acres available on corner• Ideally located at major intersection• Access from Highway 98 and Highway 589• Protective retail corridor codes in place

COOK COMMERCIAL PROPERTIES• Contact: Joseph Tubb, Sale & Leasing Agent• Cell: 601.606.1900• Email: [email protected]

HIGHWAY 98

HIGHWAY 589

92 ACRES

12 ACRES

4 ACRES 1 ACRE2 ACRES

WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP06

PROPERTY B 16 ACRES

HIGHWAY 98 AT HIGHWAY 589• 16 acres +/- total, will divide• 1-5 acres available on corner• Ideally located at major intersection• Located next to new medical clinic & gas station• Protective retail corridor codes in place

HIGHWAY 98

LONDON AND STETELMAN• Contact: Andy Stetelman - SIOR, GRI• Office: 601.268.8770 ext. 208• Cell: 601.270.9933• Email: [email protected]

PROPERTY C 110 ACRES

HIGHWAY 98 AT COLE ROAD• 110 acres +/- total• Conceptual master plan in place• Excellent mixed-use site• Numerous retail outparcels• Protective retail corridor codes in place

HIGHWAY 98

110 ACRES

16 ACRES

CATALYST CRE• Contact: Sabrina Gibbons, Manager; Real Estate Services• Office: 850.865.0288• Email: [email protected]

AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 07

HIGHWAY 589

COLE ROAD

WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP08

AVAILABLEPROPERTY

PROPERTY D 6 ACRES

HIGHWAY 98 AT COLE ROAD• 6 acres +/- total, will divide• 166 ft of frontage on Highway 98• Boulevard and infrastructure in place• Protective retail corridor code in place• Access from Highway 98 and Cole Road• Can combine with larger property to west (C)

HIGHWAY 98

COLE ROAD

D E

F

LONDON AND STETELMAN• Contact: Andy Stetelman - SIOR, GRI• Office: 601.268.8770 ext. 208• Cell: 601.270.9933• Email: [email protected]

COLE ROAD

HIGHWAY 98

AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 09

PROPERTY E 2 ACRES

HIGHWAY 98 AT COLE LAKE• For sale - $1,137,500• 1.75 acres +/- • Highway 98 frontage • North Lake at the back of the property

LIAN REALTY• Contact: Simon Lian• Cell: 601.325.4111

PROPERTY F 3 ACRES

HIGHWAY 98 CLEARED AT LAKE SERENE• 3.4 acres +/-• For sale - $699,000• Highway 98 frontage• Cleared• Water frontage

ALL STAR TEAM, REALTY• Contact: Steve Floyd, Commercial Broker• Office: 601.545.3900• Cell: 601.270.9933• Email: [email protected]

LIAN REALTY

HIGHWAY 98

HIGHWAY 98

WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP10

AVAILABLEPROPERTY

PROPERTY G 2 ACRES

HIGHWAY 98 FRONTAGE• 2 acres +/-• Build to suite• Highway 98 frontage

HIGHWAY 98

G

H I

LONDON AND STETELMAN• Contact: Andy Stetelman - SIOR, GRI• Office: 601.268.8770 ext. 208• Cell: 601.270.9933• Email: [email protected]

HIGHWAY 98

AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 11

PROPERTY H 2 ACRES

HIGHWAY 98 FRONTAGE• 1.3 acres +/- • For sale: $849,420 • For lease: $7,000/mo• Infrastructure in place• 225 feet of Highway 98 frontage

PROPERTY I 2 ACRES

HIGHWAY 98 IN WOODSTONE PLAZA• 2.55 acres +/- total• Near New Pointe Shopping Center• Located in upscale office park • For sale $775,545.99

ALL STAR TEAM, REALTY• Contact: Steve Floyd, Commercial Broker• Office: 601.545.3900• Cell: 601.270.9933• Email: [email protected]

ALL STAR TEAM, REALTY• Contact: Steve Floyd, Commercial Broker• Office: 601.545.3900• Cell: 601.270.9933• Email: [email protected]

HIGHWAY 98

HIGHWAY 98

AVAILABLEPROPERTY

PROPERTY J 5 ACRES

HIGHWAY 98 FRONTAGE AT KING ROAD• 4.7 acres +/- • Frontage on Highway 98• Access easement to King Road• Near traffic signal• Daily traffic count of 32,000

PIERCE REALTY, INC• Contact: Darian Pierce, President• Office: 601.264.6800• Email: [email protected]

WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP12

J

K

L

HIGHWAY 98

HIGHWAY 98

king road

old highway 11

KING ROAD

PROPERTY K 23 ACRES

HIGHWAY 98 AT HIGHWAY 589• 23.1 acres +/- total, will divide• Price negotiable• 16th section land• Highway 98 frontage• Access from Highway 98 and Old Highway 11

PRIVATE OWNER• Contact: Katherine Driskell• Office: 601.261.9236• Cell: 601.818.5166• Email: [email protected]

PROPERTY L 22 ACRES

TOYOTA DEALERSHIP OUTPARCELS• 22 acre +/- frontage on Highway 98 • 21 acres behind frontage property • Will divide 21 acre parcel• Daily traffic count of 32,000 • Between 2 major traffic signals

AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 13

PIERCE REALTY, INC• Contact: Darian Pierce, President• Office: 601.264.6800• Email: [email protected]

HIGHWAY 98 old highway 11

HIGHWAY 98

AVAILABLEPROPERTY

PROPERTY M 6 ACRES

HIGHWAY 98 AT INTERSECTION SIGN• 6.12 acres +/-• 16th Section Land• Located at red light • Former concrete plant

WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP14

M N

O

LONDON AND STETELMAN• Contact: Andy Stetelman - SIOR, GRI• Office: 601.268.8770 ext. 208• Cell: 601.270.9933• Email: [email protected]

HIGHWAY 98

PROPERTY N 2 ACRES

HIGHWAY 98 FRONTAGE• 2.5 acres +/- • Frontage on Highway 98• Front lot is 0.5 acres• 2 acres behind frontage property • Daily traffic count of 32,000• $12 - $22 per square foot

PROPERTY O 4 ACRES

HIGHWAY 98 FRONTAGE ROAD• 4 acres +/- • Frontage on Highway 98 • Existing median cut in front of property

PRIVATELY OWNED• Contact: Josh Morris• Cell: 601.310.3979• Email - [email protected]

AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 15

HIGHWAY 98

HIGHWAY 98

PIERCE REALTY, INC• Contact: Darian Pierce, President• Office: 601.264.6800• Email: [email protected]

AVAILABLEPROPERTY

PROPERTY P 2 ACRES

HIGHWAY 98 NEAR EXISTING RETAIL• 2 acres +/-• 150 feet of frontage on Highway 98 • Connects Hegwood Road and Willow Lake Lane

PRIVATELY OWNED• Contact: Josh Morris• Cell: 601.310.3979• Email: [email protected]

WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP16

HIGHWAY 98

P Q

HIGHWAY 98

R

LAMAR BLVD

PROPERTY Q 34 ACRES

HIGHWAY 98 NEAR EXISTING RETAIL• 34 acres +/- total• 2 access points at Highway 98 and Lamar Blvd• Will divide• Existing median cut at northeast corner

PROPERTY R 1.5 ACRES

HIGHWAY 98 AT TURTLE CREEK CROSSING• 1.5 acres• Conceptual master plan in place• Located in high traffic retail strip

STIRLING PROPERTIES• Contact: Rhonda Sharkawy• Office: 601.268.8770 ext. 208• Email: [email protected]

AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 17

SOUTHERN DEVELOPMENT OF MS• Contact: Jason Graham• Office: 601.794.5468• Cell: 601.408.3280• Email: [email protected]

HIGHWAY 98

HIGHWAY 98

GREATER HATTIESBURG, MISSISSIPPI

WEST HATTIESBURGAVAILABLE RETAIL SPACE

greater hattiesburgAVAILABLE RETAIL SPACES

RETAIL SPACE A 10,000 SQFT.

6190 HIGHWAY 98 WEST• 10,100 sqft • Free-standing building in mixed use area• For lease (NNN) $9,750 per month• Additional 3,800 sqft. warhouse can be made available by negotiation

LONDON AND STETELMAN• Contact: Andy Stetelman - SIOR, GRI• Office: 601.268.8770 ext. 208• Cell: 601.270.9933• Email: [email protected]

WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP20

A

b c

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HIGHWAY 98

AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 21

greater hattiesburgAVAILABLE RETAIL SPACES

RETAIL SPACE B MULTIPLE SPACES

TURTLE CREEK CROSSING• 1,600 to 4,800 SQFT. spaces available• Located in major retail center with Target, Academy’s, Kohls, Old Navy and other top name retailers

STIRLING PROPERTIES• Contact: Rhonda Sharkawy• Office: 601.268.8770 ext. 208• Email: [email protected]

A

b c

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HIGHWAY 98

RETAIL SPACE b TURTLE CREEK CROSSING

6143 Highway 98, Hattiesburg, MS

WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP22

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AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 23

greater hattiesburgAVAILABLE RETAIL SPACES

RETAIL SPACE C 29,000 SQFT.

5020 HIGHWAY 98 • 28,993 SQFT.• For sale: $2,400,000• Single tenant building

LONDON AND STETELMAN• Contact: Andy Stetelman - SIOR, GRI• Office: 601.268.8770 ext. 208• Cell: 601.270.9933• Email: [email protected]

WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP24

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HIGHWAY 98

HIGHWAY 98

greater hattiesburgAVAILABLE RETAIL SPACES

RETAIL SPACE D 60,000 SQFT.

WESTOVER CROSSING - 4501 HARDY ST• 60,727 SQFT • close proximity to additional retail, restaurants and residential neighorhood

LONDON AND STETELMAN• Contact: Andy Stetelman - SIOR, GRI• Office: 601.268.8770 ext. 208• Cell: 601.270.9933• Email: [email protected]

AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 25

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Demographic and Income ProfileHattiesburg, MS Metropolitan Statistical Area Prepared by EsriHattiesburg, MS Metropolitan Statistical Area (25620)Geography: Metropolitan Area (CBSA)

Summary Census 2010 2016 2021Population 142,842 148,916 152,467Households 54,962 57,098 58,340Families 36,004 36,826 37,343Average Household Size 2.53 2.54 2.55Owner Occupied Housing Units 35,061 35,234 36,128Renter Occupied Housing Units 19,901 21,864 22,212Median Age 32.7 34.0 35.3

Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 0.47% 0.42% 0.84%Households 0.43% 0.45% 0.79%Families 0.28% 0.31% 0.72%Owner HHs 0.50% 0.47% 0.73%Median Household Income 1.02% 1.28% 1.89%

2016 2021 Households by Income Number Percent Number Percent

<$15,000 10,690 18.7% 10,787 18.5%$15,000 - $24,999 7,052 12.4% 8,192 14.0%$25,000 - $34,999 5,849 10.2% 5,028 8.6%$35,000 - $49,999 8,451 14.8% 7,194 12.3%$50,000 - $74,999 10,147 17.8% 9,956 17.1%$75,000 - $99,999 6,486 11.4% 6,645 11.4%$100,000 - $149,999 5,515 9.7% 6,898 11.8%$150,000 - $199,999 1,522 2.7% 2,053 3.5%$200,000+ 1,386 2.4% 1,587 2.7%

Median Household Income $42,600 $44,815Average Household Income $58,514 $63,424Per Capita Income $22,855 $24,678

Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent

0 - 4 10,491 7.3% 10,378 7.0% 10,338 6.8%5 - 9 9,580 6.7% 9,928 6.7% 9,994 6.6%10 - 14 9,503 6.7% 9,508 6.4% 10,051 6.6%15 - 19 10,936 7.7% 10,126 6.8% 10,315 6.8%20 - 24 14,011 9.8% 13,407 9.0% 12,377 8.1%25 - 34 21,375 15.0% 23,176 15.6% 22,519 14.8%35 - 44 17,665 12.4% 18,766 12.6% 19,917 13.1%45 - 54 18,269 12.8% 17,578 11.8% 17,283 11.3%55 - 64 14,608 10.2% 16,581 11.1% 17,398 11.4%65 - 74 9,242 6.5% 11,574 7.8% 13,156 8.6%75 - 84 5,257 3.7% 5,755 3.9% 6,764 4.4%

85+ 1,905 1.3% 2,139 1.4% 2,355 1.5%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 97,312 68.1% 99,172 66.6% 98,961 64.9%Black Alone 40,416 28.3% 43,262 29.1% 45,796 30.0%American Indian Alone 345 0.2% 391 0.3% 433 0.3%Asian Alone 1,176 0.8% 1,779 1.2% 2,388 1.6%Pacific Islander Alone 68 0.0% 96 0.1% 118 0.1%Some Other Race Alone 1,770 1.2% 1,895 1.3% 1,974 1.3%Two or More Races 1,755 1.2% 2,321 1.6% 2,797 1.8%

Hispanic Origin (Any Race) 3,961 2.8% 4,316 2.9% 4,644 3.0%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

May 12, 2017

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WEST HATTIESBURG RETAIL PROPERTIES | AREA DEVELOPMENT PARTNERSHIP26

Demographic and Income ProfileHattiesburg, MS Metropolitan Statistical Area Prepared by EsriHattiesburg, MS Metropolitan Statistical Area (25620)Geography: Metropolitan Area (CBSA)

AreaStateUSA

Trends 2016-2021Trends 2016-2021

Ann

ual R

ate

(in

perc

ent)

1.8

1.6

1.4

1.2

1

0.8

0.6

0.4

0.2

0Population Households Families Owner HHs Median HH Income

20162021

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2016 Household Income 2016 Household Income

<$15K18.7%

$15K - $24K12.4%

$25K - $34K10.2%

$35K - $49K14.8%

$50K - $74K17.8% $75K - $99K

11.4%

$100K - $149K9.7%

$150K - $199K2.7%

$200K+2.4%

2016 Population by Race2016 Population by Race

Perc

ent

65605550454035302520151050

White Black Am. Ind. Asian Pacific Other Two+

2016 Percent Hispanic Origin: 2.9%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

May 12, 2017

©2016 Esri Page 2 of 2

AREA DEVELOPMENT PARTNERSHIP | WEST HATTIESBURG RETAIL PROPERTIES 27

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