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Walmart Shadow Center 1001-1016 Hampstead Blvd 54,400 SF 100% Leased Retail Building Clinton, MS 39056 $6,875,000 ($126.38/SF) 8% Cap Rate



Executive Summary
WALMART SHADOW CENTER | CLINTON, MS (JACKSON MSA) | #1 SHOPPING CENTER IN MARKET
• 54,400 square foot Walmart Shadow center in a proven suburban retail market within the Jackson MSA
• Dominant Walmart shadow center positioned along the US-80 / I-20 corridor, benefiting from consistent daily-needs traffic, commuter flow, and regional draw from surrounding communities
• Proven long-term operators (50%+ occupying center 13+ years) with strong Placer.ai performance
• High-performing Walmart with limited competition in the immediate retail node
• #1 most visited retail shopping center in Clinton, MS
BEST IN CLASS TENANT LINEUP | TOP RANKING FOOT TRAFFIC & TENANT PERFORMANCE
• Anchored by Shoe Show, Rainbow USA, and Petsense plus an inline mix including Hibbett, Santa Fe Bar & Grill, Wingstop, Sally Beauty
• 61% credit tenancy with 10.2-year average tenant tenure reflects long-standing retailer commitment and operational stability within Clinton’s primary shopping corridor
• Strong Walmart performance that benefits from the lack of competition in the surrounding area
• Walmart saw 2.41 million visits in the last 12 months and ranked #3 out of 20 for Superstores in a 50-mile radius (top 10%)
STRONG PLACER. AI PERFORMANCE FOR MULTIPLE TENANTS IN THE CENTER
• Wingstop: 4/13 (Top 24% statewide) | 304/2.1K (Top 15% nationwide)
• Shoe Show: 4/14 (Top 18% statewide) | 23/350 (Top 7% nationwide)
• Petsense: 4/12 (Top 25% statewide) | 54/197 (Top 27% nationwide)
• Sally Beaty: 1/19 (Top 1% statewide) | 67/1.8K (Top 4% nationwide)
• Hibbett: 13/40 (Top 30% statewide) | 277/759 (Top 37% nationwide)
• GameStop: 5/19 (Top 22% statewide) | 538/1.6K (Top 33% nationwide)
• Neighboring Chick-fil-a: 5/25 (Top 16% statewide) | 317/2.4K (Top 14% nationwide)
SUPPLY CONSTRAINED MARKET | LEASING UPSIDE
• Weighted average in-place rent of $12.38 PSF is 15% below the market asking rent of $14.52 (Costar)
• One of only 2 grocery-anchored shopping centers in a low-supply retail area supports foot traffic patterns and increases the center’s competitive positioning
• Limited competing shop space in the market drives leasing demand and reduces downtime risk during future lease-up
STRATEGIC INTERSTATE/HIGH TRAFFIC CORRIDOR POSITIONING
• Direct frontage on US-80 (21,000 VPD) with signalized corner access and immediate proximity to I-20 (50,000 VPD), a primary east-west artery connecting Clinton to Jackson
• Walmart shadow center is in Clinton’s dominant retail center – it captures dailyneeds traffic from local residents, commuters, and regional shoppers while separated from the main Jackson area
• Surrounded by strong national retailers like Kroger, Tractor Supply, Home Depot, Dollar Tree, Planet Fitness, CVS, Walgreens, and more
TOP TIER SUBURBAN MARKET WITH JACKSON MSA ACCESSIBILITY
• Clinton is a desirable suburb in the Jackson MSA – it is ideally situated for business growth and prosperity, being located on major interstate thoroughfares in the central portion of Mississippi and adjacent to the capital city of Jackson
• Key traffic drivers include Mississippi College(oldest college in MS), advanced manufacturing(Eaton & Vertex), Industrial presence(Continental Tire, Milwaukee Tool, Taylor Power, & McNeely Plastic), and healthcare (Merit Health & UMMC), plus strong I-20/US-80 commuter traffic to Jackson
• Clinton represents one of the more established suburban communities in the Jackson metro, characterized by steady homeownership and necessity-driven retail demand
• Named one of “the most livable cities” in Mississippi, Clinton, MS, has an exceptional quality of life, housing, safety, and entertainment.
• Limited new retail supply and established necessity corridor create durable demand
• 54,400 square foot Walmart Shadow center in a proven suburban retail market within the Jackson MSA
• Dominant Walmart shadow center positioned along the US-80 / I-20 corridor, benefiting from consistent daily-needs traffic, commuter flow, and regional draw from surrounding communities
• Proven long-term operators (50%+ occupying center 13+ years) with strong Placer.ai performance
• High-performing Walmart with limited competition in the immediate retail node
• #1 most visited retail shopping center in Clinton, MS
BEST IN CLASS TENANT LINEUP | TOP RANKING FOOT TRAFFIC & TENANT PERFORMANCE
• Anchored by Shoe Show, Rainbow USA, and Petsense plus an inline mix including Hibbett, Santa Fe Bar & Grill, Wingstop, Sally Beauty
• 61% credit tenancy with 10.2-year average tenant tenure reflects long-standing retailer commitment and operational stability within Clinton’s primary shopping corridor
• Strong Walmart performance that benefits from the lack of competition in the surrounding area
• Walmart saw 2.41 million visits in the last 12 months and ranked #3 out of 20 for Superstores in a 50-mile radius (top 10%)
STRONG PLACER. AI PERFORMANCE FOR MULTIPLE TENANTS IN THE CENTER
• Wingstop: 4/13 (Top 24% statewide) | 304/2.1K (Top 15% nationwide)
• Shoe Show: 4/14 (Top 18% statewide) | 23/350 (Top 7% nationwide)
• Petsense: 4/12 (Top 25% statewide) | 54/197 (Top 27% nationwide)
• Sally Beaty: 1/19 (Top 1% statewide) | 67/1.8K (Top 4% nationwide)
• Hibbett: 13/40 (Top 30% statewide) | 277/759 (Top 37% nationwide)
• GameStop: 5/19 (Top 22% statewide) | 538/1.6K (Top 33% nationwide)
• Neighboring Chick-fil-a: 5/25 (Top 16% statewide) | 317/2.4K (Top 14% nationwide)
SUPPLY CONSTRAINED MARKET | LEASING UPSIDE
• Weighted average in-place rent of $12.38 PSF is 15% below the market asking rent of $14.52 (Costar)
• One of only 2 grocery-anchored shopping centers in a low-supply retail area supports foot traffic patterns and increases the center’s competitive positioning
• Limited competing shop space in the market drives leasing demand and reduces downtime risk during future lease-up
STRATEGIC INTERSTATE/HIGH TRAFFIC CORRIDOR POSITIONING
• Direct frontage on US-80 (21,000 VPD) with signalized corner access and immediate proximity to I-20 (50,000 VPD), a primary east-west artery connecting Clinton to Jackson
• Walmart shadow center is in Clinton’s dominant retail center – it captures dailyneeds traffic from local residents, commuters, and regional shoppers while separated from the main Jackson area
• Surrounded by strong national retailers like Kroger, Tractor Supply, Home Depot, Dollar Tree, Planet Fitness, CVS, Walgreens, and more
TOP TIER SUBURBAN MARKET WITH JACKSON MSA ACCESSIBILITY
• Clinton is a desirable suburb in the Jackson MSA – it is ideally situated for business growth and prosperity, being located on major interstate thoroughfares in the central portion of Mississippi and adjacent to the capital city of Jackson
• Key traffic drivers include Mississippi College(oldest college in MS), advanced manufacturing(Eaton & Vertex), Industrial presence(Continental Tire, Milwaukee Tool, Taylor Power, & McNeely Plastic), and healthcare (Merit Health & UMMC), plus strong I-20/US-80 commuter traffic to Jackson
• Clinton represents one of the more established suburban communities in the Jackson metro, characterized by steady homeownership and necessity-driven retail demand
• Named one of “the most livable cities” in Mississippi, Clinton, MS, has an exceptional quality of life, housing, safety, and entertainment.
• Limited new retail supply and established necessity corridor create durable demand
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
54,400 SF
Building Class
B
Year Built
2001
Price
$6,875,000
Price Per SF
$126.38
Cap Rate
8%
NOI
$550,014
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
6.55 AC
Frontage
383’ on Hampstead Boulevard
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2860-0834-995 | Improvements Assessment | $314,172 |
| Land Assessment | $79,323 | Total Assessment | $393,495 |
Property Taxes
Parcel Number
2860-0834-995
Land Assessment
$79,323
Improvements Assessment
$314,172
Total Assessment
$393,495
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Walmart Shadow Center | 1001-1016 Hampstead Blvd

