Walmart Shadow Center

BACK TO LISTINGS

Metro Junction, 4882-4898 Hwy W
Jackson, MS

Price: $3,510,000

Cap: 8.00%

NOI: $280,838

Building Size: 24,069 SF

Lot Size: 1.91 AC

Investment Highlights

WALMART SHADOW CENTER

• The subject property is a 100% occupied, 24,069 square foot Walmart shadow anchored retail center located in Jackson, MS

• 75% of the GLA is leased to strong national tenants such as Humana, CATO, It’s Fashion Metro, Shoe Show, and more

• The center is anchored by a Walmart Supercenter for the last 23 years | Walmart owns the Real Estate

• Positioned in a high-traffic retail corridor of Mississippi’s capital city

NATIONAL TENANT LINEUP

• 75% of the center is leased to national tenants

• Humana recently executed a 10-year lease on the largest space in the center (25% of GLA)

• Humana Inc. is a for-profit American health insurance company with a net worth of $57.19B & this lease carries a full corporate guarantee

• Many of the national tenants such as CATO, It’s Fashion Metro, and H&R Block are original tenants who have been in this center since 2001 and have renewed

the lease multiple times

HIGH TRAFFIC CORRIDOR | LIMITED RETAIL COMPETITION

• Property is located on the high traffic corridor of Highway 18 (27,000 VPD) and just off I-20 (71,000 VPD)

• The center has strong fundamentals with excellent frontage to the main road, and has a direct turn lane into the center through adjacent median, allowing access from both traffic flows

• While the center benefits greatly from Walmart Traffic, its positioning allows it to not directly rely on it

HIGH PERFORMING TENANT MIX | LIMITED COMPETITION

• Due to the high traffic nature of the center, space here has been in high demand and the center has remained at a high occupancy over the life of the center

• Limited retail competition | There is a limited amount of shop space in this corridor, driving further tenant interest in the center

• This is the #1 most visited CATO in the state of Mississippi, and ranks top 9% nationally

• This is the #5 most visited It’s Fashion in the state of Mississippi, and ranks top 20% nationally

OFFERING MEMORANDUM

Email not recognized.
In lieu of a confidentiality agreement, we request that you complete the following form in order to download an Offering Memorandum or try again.

Name

Phone

Email

Principal or Broker?