Hancock Fabrics

1 Fashion Way - Baldwyn MS 38824

LTV (Loan to Value)	65.00%	Current NOI	$1,852,500.00
Interest Rate	4.250%	Capital Rate	0.000%
Fixed Term	10 Years	Land Area	64.50 Acres
Amortization	25 Years	Lease Type	20 Years
Loan Amount	$12,675,000.00	Property Type	Industrial
Payment	$68,665.30	Property Lease
Bulding Size	742,372 SF	Remaining Terms

Location Description

Hancock Fabrics is a specialty retailer committed to nurturing creativity through a complete selection of fashion and home decorating textiles, sewing accessories, needlecraft supplies and sewing machines. They are one of the largest fabric retailers in the United States, operating 262 stores in 37 states. Their stores present a broad selection of fabrics and materials used in apparel sewing, home decorating and quilting projects.

Highlights

Mission Critical Location - The property is the company’s headquarter facility and the company’s sole distribution facility. 91% of all…

Property Description

Lee County is located in Northeast Mississippi. It is located almost exactly equidistant between Memphis, TN and Birmingham, AL and Nashville, TN and Jackson, MS. Its largest city, Tupelo, has become the drawing point for most people living in the expanse between those cities. The trade area for the region is therefore about three times larger than normal for a city its size.