610 Applegate St Winona, MS 38967

This exceptional Winona, MS shopping center presents a compelling investment opportunity. The 57,125 square foot property boasts a strong tenant mix anchored by AutoZone (operating since 1994 and ranked #5 in the state) and Home Hardware, recently signed to a ten-year lease. With three tenants currently occupying 95% of the space, the property generates a substantial NOI of $161,359, representing an attractive 8.25% cap rate at an asking price of $1,955,866 ($34.24/sq ft). The property includes four units situated on a six-acre lot and features a recently replaced roof with an estimated 15+ years of useful life remaining. Below-market rents offer significant upside potential for the investor. A potential 0.23-acre outparcel is included in the sale. The center benefits from a location in the heart of Winona, a market influenced by agriculture, manufacturing, and industrial industries, and is conveniently located 1 hour 40 minutes from Memphis and 1 hour 25 minutes from Jackson. The addition of a new lease with Delta Health further solidifies the long-term viability of this internet-resistant retail center. The purchase price is significantly below replacement cost, making this a truly attractive investment. The parent company of Home Hardware, Central Network Retail, operates 145 locations across 16 states. Winona's commitment to economic diversification and Amazon's recent $11 billion investment in Jackson further enhance the long-term prospects of this property. The property's address is 610 S Applegate St, Winona, MS 38967. Built in 1979, the single-story building is situated on APN 361 354000 0000000910.