Herrington Realty is pleased to present the opportunity to purchase Westwood Square Shopping Center, located at 4400 Hardy Street in Hattiesburg, Mississippi. This established shadow grocery retail center, built in 1982, boasts a total gross leasable area (GLA) of 78,227 square feet across a 9.41-acre lot. With 16 diverse tenants, including anchor tenants such as Michaels, Harbor Freight, and Walk-On's (which has a new roof), the center maintains a high occupancy rate of 98.1%, leaving only a 1,500 square foot space vacant. The center is strategically positioned on US Highway 98, a major retail corridor with a traffic count exceeding 63,000 vehicles per day, ensuring excellent visibility and accessibility. Additionally, the property includes 330 parking spaces, enhancing convenience for shoppers. The deal comes with an assumable non-recourse loan, providing financial flexibility for prospective buyers.
The property is in Hattiesburg, Mississippi, known as the "Hub City," and is a vibrant and growing community with a rich history and a dynamic economy. Centrally located in South Mississippi, Hattiesburg serves as a regional hub for commerce, education, and healthcare, with two major universities—The University of Southern Mississippi and William Carey University—bringing a youthful energy and innovation to the area. The city boasts a diverse economy supported by a strong retail sector, healthcare, and education, making it an attractive location for businesses and investors. Hattiesburg's strategic position at the intersection of major highways, including US Highway 98, ensures excellent connectivity and accessibility, contributing to its steady growth and development. The city offers a high quality of life with numerous cultural, recreational, and entertainment options, making it a desirable place to live, work, and invest.
Listing broker and other broker’s at Herrington Realty have ownership in the property
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