OFFERING MEMORANDUM OLLIE’S BARGAIN OUTLET 969 E BARNES CROSSING RD. | TUPELO, MS 38804 *STORE UNDER CONSTRUCTION EXCLUSIVELY LISTED BY: BEN SNYDER KYLE MATTHEWS ZACK BATES SVP & Senior Director Chairman & CEO Associate Vice President +1 (216) 503-3607 +1 (310) 919-5757 +1 (216) 503-3608
[email protected] [email protected] [email protected] License No. 2018002569 (OH) License No. 1469842 (CA) License No. 2018002393 (OH) BROKER OF RECORD Phillip Carpenter License No. 18906 (MS) *STORE UNDER CONSTRUCTION *STORE UNDER CONSTRUCTION 2 969 E Barnes Crossing Rd. | Tupelo, MS OLLIE’S BARGAIN OUTLET 969 E BARNES CROSSING RD. | TUPELO, MS 38804 4 INVESTMENT SUMMARY 6 PROPERTY OVERVIEW 8 TENANT PROFILE 10 LEASE ABSTRACT 14 AREA OVERVIEW *STORE UNDER CONSTRUCTION OLLIE’S BARGAIN OUTLET 3 OFFERING SUMMARY Matthews™ is pleased to exclusively offer a 31,059-square-foot freestanding Ollie’s Bargain Outlet situated on 3.59 acres in Tupelo, MS – the main component of the Tupelo Metropolitan Area (MSA Population: INVESTMENT SUMMARY 140,081). Ollie’s net lease is expected to commence in February 2020 and will feature 10 years of primary term with three 5-year renewal options. The property has excellent access and visibility off U.S. Highway 45 (Traffic Count: 36,800 VPD), which is the main freeway that runs north-south across eastern 969 E Barnes Crossing Rd. Mississippi. ADDRESS Tupelo, MS 38804 Ollie’s is strategically positioned within Barnes Crossing Plaza, which is anchored by Hobby Lobby, TJ LIST PRICE $3,336,000 Maxx, Burke’s Outlet, and Office Max. Ollie’s is also adjacent to the 746,194-square-foot The Mall at Barnes Crossing, which includes over 90 stores and is anchored by Belk, JCPenney, Dick’s Sporting PRICE PSF $107 Goods, Cinemark, and Barnes & Noble.