Available

Forest Commons Shopping Center

921 MS-35, Forest, MS 39074

62,571 SF

Total GLA

$3,850,000

Sales Price

89%

Occupancy

$288,236

Existing NOI

6.40 AC

Land Size

Property Overview

Overview

Forest Commons Shopping Center is a 62,571-square-foot, 89%-occupied retail center strategically located along Highway 35 South, the primary retail corridor in Forest, Mississippi. Anchored by a strong mix of national tenants including Dollar Tree and Harbor Freight, the property offers durable in-place income with embedded rent growth and immediate value-add potential through the lease-up of approximately 6,000 square feet of vacancy.

Property Details

Property Highlights

Address	921 Hwy 35, Forest, MS 39074
Year Built	1987 \| 2007
Total GLA	62,571 SF
Total Land Size	±6.40 Acres
Occupancy	89%
Existing NOI	$288,236
Financing	Free & Clear

Why This Deal

Investment Highlights

Dominant Retail Corridor

Forest Commons is strategically positioned along Highway 35 South, the primary north-south corridor connecting Downtown Forest to I-20. The center sits within Scott County’s primary retail node, surrounded by the market’s leading retail destinations.

National Tenant Mix

The rent roll features a strong mix of national retailers, including Dollar Tree, Harbor Freight, Hibbett Sports, Citi Trends, and Factory Connection. These value-oriented brands have proven operating models in small and tertiary markets, generating consistent traffic and providing a durable retail base well suited to Forest’s consumer profile.

Embedded Rent Growth

Harbor Freight and Dollar Tree feature contractual rent growth through their current terms and renewal options. Additionally, approximately 20% of the
property is occupied by tenants without renewal options, providing landlord control to mark rents to market, restructure leases to increase expense recoveries, and drive NOI growth.

Immediate Value-Add Opportunity

The existing 6,000 SF vacancy provides immediate landlord control to enhance the tenant mix and grow NOI. The space is well suited for complementary
electronics, apparel/footwear, pet care, home improvement, or medical users that align with the center’s existing tenancy and local consumer profile.

E-Commerce & Supply Insulation

Forest Commons features a value-oriented tenant mix that is less vulnerable to e-commerce disruption and well aligned with the local consumer base.
Additionally, Forest’s tertiary market profile creates a natural barrier to new retail construction, limiting future supply and supporting the landlord’s ability
to maintain and grow rents over time.

Attractive Basis Below Replacement Cost

Forest Commons offers investors the opportunity to acquire an established retail center at a basis well below the cost to replicate the asset today. This
discount to replacement cost provides downside protection while limiting the economic feasibility of competing new supply.

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