Hobby Lobby

1801 S Harper Rd, Corinth, MS
$6,160,000 · 6.25% CAP · 15 Yr. Lease · Single Tenant Net Lease
Under Agreement

Location

1801 S Harper Rd, Corinth, MS

Price: $6,160,000
CAP: 6.25%
NOI: $385,000
Building Size: 55,000 SF

The subject offering is a Hobby Lobby in Corinth, Mississippi. Hobby Lobby has a brand new 15 year net corporate lease with four extension options and increases every five years including during the initial term. The subject is strategically situated in a major retail trade area and benefits from surrounding retailers such as, Walmart and Walgreens.

Corinth is a city in and the county seat of Alcorn County, Mississippi. The population was 14,573 at the 2010 census. Corinth was founded in 1853 as Cross City, so-called because it served as a junction for the Mobile & Ohio and Memphis & Charleston railroads. It was the town’s early newspaper editor, W. E. Gibson, who suggested the name of Corinth, named for the city in Greece that also served as a crossroads.

The site is strategically located off of Lee Highway. This site is located near several major national retailers including Sears, Walmart Supercenter, Walgreens, and Marshalls. Hobby Lobby is part of Harper Square Shopping Center, the regional mall for Corinth.

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Presented By

Jacob Abusharkh

Managing Principal

415.269.2474
925.406.0813
BRE# 01385529

Jacob Abusharkh is the Managing Principal and co-founder of The Kase Group (TKG). TKG specializes in the sale of single and multi-tenant net leased retail and industrial assets across the country. Prior to going independent of SVN, TKG was one..

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