Citi Trends

196 Seargent Prentiss Drive - Natchez MS 39120

LTV (Loan to Value)	65.00%	Current NOI	$105,300.00
Interest Rate	4.250%	Capital Rate	9.500%
Fixed Term	10 Years	Land Area	1.37 Acre
Amortization	25 Years	Lease Type	NN
Loan Amount	$663,000.00	Property Type	Retail
Payment	$3,591.72	Property Lease	Apparel
Bulding Size	18,000 SF	Remaining Terms	5 Years (in options)

Location Description

NNN Lenders is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Citi Trends retail property located at 196 Seargent Prentiss Drive, Natchez, Mississippi (the “Property”).This single-tenant property benefits from Citi Trends, Inc. (corporate signature) executing a new five-year option, with option rent commencing on March 1, 2015. Citi Trends, Inc. is traded on the Nasdaq exchange under the symbol “CTRN”.The property is located on US Highway 61 (State Route 84) in the heart of Natchez, Mississippi’s retail and commercial district. It has very good visibility from this major four-lane thoroughfare and is situated in a fully leased strip center along with a Dollar General, Byron’s Drugs and Express Checks.Citi Trends, Inc. is a value-priced retailer of urban fashion apparel and accessories for the entire family. The Company operates 513 stores located in 29 states.

Highlights

5 Years Remaining of Firm Lease Term in Option Period – Citi Trends, Inc. is operating under a five-year option…

Property Description

Natchez is the county seat and only city of Adams County, Mississippi, United States. Natchez has a total population of 15,792 (as of the 2010 census). Located on the Mississippi River some 90 miles southwest of Jackson, the capital of Mississippi, and 85 miles north of Baton Rouge, Louisiana, it is the 25th-largest city in the state.Adams County is the regional trade center of the Miss-Lou area, serving shoppers within a 50-mile radius. The Natchez Mall, which includes two major department stores, Belk and JCPenney, has numerous specialty stores as well as a four-screen cinema. Downtown Natchez also provides numerous specialty and antique shops filled with treasures and trinkets.Major employers in the city are Natchez-Adams Public School District (620 employees), Natchez Regional Medical Center (425 employees), Natchez Community Hospital (393 employees), Corrections Corporation of America (380 employees) and Super Walmart (365 employees).