3111 Us-80Pearl, MS 39208

For Sale
$2,680,000

High-Occupancy Shopping Center, Strong Tenants

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional investment opportunity presents Pearl Marketplace, a 57,566 square foot shopping center located at 3111 US-80 in Pearl, Mississippi (zip code 39208). Currently boasting 100% occupancy, the center is anchored by a strong mix of national and regional tenants including Dollar Tree, Save-A-Lot, and Dirt Cheap, ensuring consistent cash flow. The property offers a compelling value proposition with an asking price of $2,680,000, translating to a price per square foot of $46.56 and a projected cap rate of 9.00%. The strategic location along a primary retail corridor with a daily traffic count exceeding 20,000 vehicles provides exceptional visibility and accessibility. Furthermore, the surrounding 5-mile radius demonstrates a robust demographic profile, with a population exceeding 54,000 and average household incomes over $72,000. An attractive feature of this offering is the potential for loan assumption at a below-market interest rate of 6.00%, significantly reducing acquisition costs. This well-positioned, fully leased shopping center represents a rare opportunity for investors seeking a stable, high-performing asset in a thriving Mississippi market. The property's strong tenant mix, high occupancy rate, and favorable financial metrics make it an ideal addition to any diversified portfolio.

Highlights

  • 100% leased, 57,566 SF shopping center anchored by Dollar Tree, Save-A-Lot, and Dirt Cheap.
  • National and regional tenants occupy 98% of the gross leasable area (GLA).
  • Attractive loan assumption opportunity available at a below-market 6.00% interest rate.
  • Located on a primary retail corridor with over 20,000 vehicles per day (VPD).
  • Strong demographics: Over 54,000 residents within a 5-mile radius, with average household incomes exceeding $72,000.

Location Insight

City
Pearl
County
Rankin
State
Mississippi
Latitude
32.2811072
Longitude
-90.1174771
3111 Us-80, Pearl, Mississippi

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3111 Us-80
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