Issuu

Ellis Avenue Plaza Proforma

Ellis Avenue Plaza As-Is

DBA

H&R Block

Public/Private Public

Locations: 12,000+

Line of Business

H&R Block is an American tax preparation company operating in Canada, the United States, and Australia. The company was founded in 1955 by brothers Henry W. Bloch and Richard Bloch. As of 2018, H&R Block operates approximately 12,000 retail tax offices staffed by tax professionals worldwide. The company offers payroll, business consulting services, consumer tax software, and online preparation/electronic filing from their website.

DBA

Simply 10

Public/Private Private Locations 43

Line of Business

Simply 10 is a Women’s and Junior Plus Size clothing store that sells both new and used clothes, shoes, and accessories at affordable prices. At Simply 10, most items are priced at $10 or less. The company was founded in Shreveport, LA, and expanded to multiple states over the last few years including Alabama, Florida, Mississippi, Georgia, South Carolina, Tennessee, Michigan, and Ohio.

• 64% Occupied Value Add Neighborhood Retail Center in Heart of Jackson, MS

• Average Vacant Suite is 2,326 SF, a Highly Leasable Size

Attracting a Large Pool of Tenants

• Located 1.4 Miles from Jackson State University – A Public

Division 1 University with Over 9,000 Students Enrolled

• Excellent Visibility & Situated Parallel to Ellis Avenue

Between U.S. Highway 80 & J.R. Lynch Street – Visible to Over 18,000 Vehicles per Day

• Jackson is the Largest MSA in the State with a Population Over 500,000

• Surrounding National Retailers Include McDonald’s, Save A Lot, AutoZone Auto Parts, Wendy’s, Wingstop, Dollar Tree, O’Reilly Auto Parts, Planet Fitness, Walgreens, Popeyes, Subway, Taco Bell & Many More

VACANT

SIPPI LOOK SHOP

DANKNOLIA

ELLISAVE.

23,213VPD

ELLIS AVE.

Jackson, MS

OVERVIEW

Jackson, the capital city of Mississippi, is located in central Mississippi at the crossroads of Interstates 55 and 20. Jackson is the most populous city of the state with a U.S. Census Bureau estimated 2020 population of 153,701. Jackson is the anchor for the Jackson, Mississippi Metropolitan Statistical Area. It is the state’s second largest metropolitan area, and with a 2019 population estimated at 595,000, it is home to about one-fifth of Mississippi’s population.

Known as the "Best of the New South," Jackson is a major business force in Mississippi. Its diversity of business and industry and its position as the state capital help insulate the metropolitan area from the economic downturns experienced by other cities. Jackson's success in drawing high-paying industrial operations is attributed to the city's combination of an attractive labor pool and a good quality of life. Jackson has a strong service industry that supports its primary economic drivers: government, education, healthcare, technology, and entertainment. Most small businesses in Jackson and the metro area

are wholesale trade, retail trade, professional services, and accommodation and food services. Other commodities important to the region are agriculture, cotton, grains, poultry, and timber.

Construction, manufacturing, distribution and trade, retail, telecommunications, and travel and tourism are also vital to the local economy. One of the most promising sectors for Jackson is the automobile industry. For years, city officials had worked to lure automotive manufacturers to the area by highlighting its assets, namely the availability of large parcels of land, a well-developed energy and utility infrastructure, and low industrial expenses. Nissan Motor Co. responded to their efforts, and in 2003 produced the first truck in Jackson's new, $930 million automobile plant. This factory, in turn, attracted suppliers and other support services to the area. In 2003, just over 100 new facilities were announced in the metropolitan Jackson area, with a total capital investment of $435.6 million and the creation of 2,065 jobs.

CONFIDENTIALITY AGREEMENT

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

Commercial Disclaimer

STRIVE hereby advises all prospective purchasers of commercial property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.