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Columbus, MS - Joe Hudson's Collision Center
1512 Gardner Blvd | Columbus, MS 39702
Description
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN, corporate signed, Joe Hudson’s Collision Center investment property located in Columbus, Mississippi. The tenant has 9-years remaining on its lease with 4 (5-year) options to extend. The lease features annual 2% rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Headquartered in Montgomery, Alabama, Joe Hudson’s Collision Centers is the 4th largest full-service collision shop operator in the country with 250+ collision repair shops. In 2019, TSG Consumer Partners, a leading private equity firm with over $9 billion in total assets, acquired majority stake in the company with focus on further building the best in class brand. The subject property is a strong performing brand location (contact broker for details).
Location
The subject property has direct access and visibility along Gardner Boulevard (8,200 VPD) with nearby on/off ramps to U.S. Highway 82 (29,000 VPD), a primary highway utilized by commuters throughout the Golden Triangle region. The region is defined by the neighboring cities of Starkville and West Point, with Columbus serving as the anchor of the area due to its proximity to the Columbus Air Force Base (annual economic impact of $315 million), Mississippi State University (22,000+ students), and associated research universities in the fields of high tech manufacturing, aerospace, transportation, and education. The Golden Triangle has attracted $6 billion in capital investments since 2008. Most notably, the area is home to a strong manufacturing sector, highlighted by brands including Yokohoma Tire, Airbus Helicopters, the PACCAR Engine Factory, and Steel Dynamics, which committed $2 billion to building an aluminum flat rolled mill in 2022. The manufacturers provide high-paying jobs to the area along with the Baptist Hospital (96 beds) and the Golden Triangle Regional Airport (annual economic impact of $272 million). The area is also home to 50+ multi-family properties with 6,000+ units, with 33,800 residents and 19,600 employees within 5-miles of the site.