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1201-1231 Sunset Dr
Grenada, MS 38901
Riverbirch Plaza · Retail Property For Sale
Investment Highlights
- High traffic retail corridor
- National & local tenant mix
- Out Parcel included
- Signalized Intersection
- 100% leased
- Under market rental rates
Executive Summary
This stabilized shopping center is in the heart of the Grenada MS retail corridor.? Prominently located at the southeast corner of Sunset Dr and Sweethome Rd, this shopping center is home to Harbor Freight, Citi Trends, Dollar General and more.? 100% leased with a potential out parcel opportunity.? The high demand for retail space in Grenada is supported by it's 0.4% market vacancy rate.? Leases are below market rental rates and can be increased when negotiating new leases moving forward.?
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
94,965 SF
Building Class
B
Year Built
1976
Price
$5,250,000
Price Per SF
$55.28
Cap Rate
8.58%
NOI
$450,681
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
9.50 AC
Zoning
B-3 - Heavy Commercial District
Frontage
1,600’ on Sunset Dr, Sweethome Rd,
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 104D-18-050.00 | Improvements Assessment | $30,900 |
| Land Assessment | $9,000 | Total Assessment | $39,900 |
Property Taxes
Parcel Number
104D-18-050.00
Land Assessment
$9,000
Improvements Assessment
$30,900
Total Assessment
$39,900
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