For Sale
$5,300,000

200 Clinton BlvdClinton, MS 39056

Mississippi Retail Center: High Occupancy, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
104
Exceptional opportunity to acquire the Clinton Plaza Shopping Center, a 96,857 square foot multi-tenant retail property in Clinton, Mississippi. This 100% occupied center boasts 13 tenants, including a high-performing Big Lots store (45% of gross leasable area) that has operated at this location for 18 years and consistently ranks among the top Big Lots stores nationally. The property features a strong net operating income (NOI) of $477,356, resulting in a 9.01% capitalization rate, and is priced at $5,300,000 ($54.72/sq ft), below replacement cost. Located in a high-traffic retail corridor with excellent visibility from US-80 and Clinton Boulevard (26,200 vehicles per day), the center benefits from proximity to major retailers such as Kroger, Home Depot, and Walmart. The average tenant rent is $5.81 per square foot, and the average tenant tenure for leases signed before 2021 is 17 years, demonstrating exceptional tenant stability. The seller has also secured four new leases in the past three years, indicating strong leasing momentum. Built in 1974, this property presents a compelling investment opportunity with a proven track record of success and significant upside potential. The property's APN is 2861 0236 000.

Highlights

  • $5,300,000 asking price for a 96,857 square foot shopping center in Clinton, MS.
  • 9.01% cap rate with a Net Operating Income (NOI) of $477,356 and 100% occupancy.
  • 13 tenants, anchored by a high-performing Big Lots store, located in a high-traffic retail corridor with major road access.
  • Priced below replacement cost, with low average rent of $5.81 per square foot and strong leasing momentum (4 new leases in the last 3 years).
  • Built in 1974, APN 2861 0236 000, located at 200 Clinton Blvd, Clinton, MS 39056.

Property Details for 200 Clinton Blvd

Property type
Lifestyle centers, Power centers
Square Feet
96,857 SF
Year Built
1974

Location Insight

City
Clinton
County
Hinds
State
Mississippi
Latitude
32.3345359
Longitude
-90.314017
200 Clinton Blvd, Clinton, Mississippi

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200 Clinton Blvd
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