Fully Leased Retail Strip
New
For Sale
Contact for pricing
347 Devereux Drive, Natchez, MS 39120
Established B4-zoned retail property with renewed leases and recent building upgrades.
Property Size22,000 SF
Price / SF$62.50
Days on Market6
Property Features for 347 Devereux Drive
General Information
Standard status
Active
Size
22,000 SF
Class
B
Property subtype
Retail
Zoning
B4
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$111,461
Additional Details
Anchor Co-Tenants
Bestway Rental, Sevita, Lincare
Building Details
Year Built
2007
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
NAI UCR Properties
(601) 981-6800
Listed By:
Micah McCullough · License #MS B-18980
Source:
Crexi
Added: Aug 27
Changed: Aug 31
Last Checked: Aug 31 at 9:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI UCR Properties
Investment Insights
Based on property information with market context.
This 22,000-square-foot retail strip center was built in 2007 and is fully leased. The tenant roster includes Bestway Rental, Sevita, and Lincare, with Bestway and Sevita occupying nearly 80% of the center’s area. Bestway has completed a five-year renewal with two additional five-year extension options, while Sevita has exercised a renewal extending through 2032. Lincare’s lease includes an additional renewal option, and the leases are structured as triple-net.
The property includes a contractual right for the landlord to recapture up to 6,000 square feet from Bestway’s premises for future re-leasing. Recent capital work includes LED lighting, facade improvements, new water lines, and new HVAC units. The center is located along Highway 61 in Natchez, Mississippi, and is designated B4.
The property includes a contractual right for the landlord to recapture up to 6,000 square feet from Bestway’s premises for future re-leasing. Recent capital work includes LED lighting, facade improvements, new water lines, and new HVAC units. The center is located along Highway 61 in Natchez, Mississippi, and is designated B4.
Key Highlights
- 22,000‑square‑foot retail strip center built in 2007
- Fully leased with Bestway Rental, Sevita, and Lincare as occupants
- Bestway renewed for five years with two additional five‑year extension options
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 39120, MS
29,634
Population
14,963
Households
2
Avg Household Size
44
Median Age
19%
College-Educated
83%
High-School Grad
484.2 sq mi
ZIP Area
61
Density / Sq Mi
$40,586
Median Household Income
$33,334
Median Earnings
$720
Median Rent
$106,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Established B4-zoned retail property with renewed leases and recent building upgrades.
Where is this strip mall located?
The property is located at 347 Devereux Drive Natchez, MS.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 22,000‑square‑foot retail strip center built in 2007; Fully leased with Bestway Rental, Sevita, and Lincare as occupants; Bestway renewed for five years with two additional five‑year extension options
