Elton Place Shopping Center

Investment Overview

Great investment opportunity! Elton Place Shopping Center has been owned locally by a father/son partnership since 2003. We have historically been well occupied, but we are NOT the right owners for this property anymore. This is a rare value-added opportunity and the Seller is flexible on terms and would possibly do some sort of master lease or give rent credit at closing. Well located near I-55 and minutes away from Byram, this center is on a heavily traveled retail corridor with great visibility.

Investment Highlights

• 14,740 +/- SF Shopping Center
• 46% Occupied (Seller will master lease or give rent credit at closing)
• 11.5% Cap Rate (Based on Pro Forma)
• New Exterior Paint (2019)
• 40 (+/-) Parking Spaces Available
• Agent/Owner (Brian E. Estes
• Great location on Terry Road
• Parking Lot needs some repairs (Estimated $25,000 - $35,000)
• Priced well below replacement costs
• Both Dollar General and Family Dollar have built locations across the street in the past 5 years
• 7 New HVAC Systems were replaced 2021 and 2022
• Electrical Upgrade for HVAC Systems (moved to roof)