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1525 University Ave 7,750 SF 100% Leased Retail Building Oxford, MS 38655 $3,500,000 ($451.61/SF) 5.97% Cap Rate



Investment Highlights
- Heavy Traffic
- Walking Distance to Campus
- Renovated
Executive Summary
-Premier Hard Corner Location – Positioned at the signalized intersection of University Ave & South 16th St, one of Oxford’s most trafficked corridors, just 0.5 miles from the Square and ~1 mile to Ole Miss
-100% Occupied Retail Strip – Fully leased asset with a diverse mix of service-oriented tenants providing stable, in-place cash flow
-Strong In-Place Income – Current annual rental income of approximately $209,719 with additional upside through rent growth and lease restructuring
-Built-In Rental Upside – Existing rent escalations, below-market leases, and ability to convert select tenants to true NNN structure
-Value-Add Opportunity – Near-term lease rollover and month-to-month tenant create opportunity to increase rents and improve overall tenancy
-Recently Renovated Asset – Property has undergone exterior modernization and tenant mix upgrades, reducing near-term capital needs
-High-Growth Market Fundamentals – Oxford continues to experience strong population growth and university-driven demand, supporting long-term retail performance
-Proximity to Major Demand Drivers – Located near the University of Mississippi, downtown Oxford Square, and Highway 7, capturing student, local, and visitor traffic
-Redevelopment Optionality – Zoned for flexible uses with potential for future mixed-use or higher-density redevelopment on a ±0.53-acre site
-Attractive Small-Shop Format – Highly leasable suite sizes (±625–2,500 SF) appeal to local and regional tenants, supporting long-term occupancy
-100% Occupied Retail Strip – Fully leased asset with a diverse mix of service-oriented tenants providing stable, in-place cash flow
-Strong In-Place Income – Current annual rental income of approximately $209,719 with additional upside through rent growth and lease restructuring
-Built-In Rental Upside – Existing rent escalations, below-market leases, and ability to convert select tenants to true NNN structure
-Value-Add Opportunity – Near-term lease rollover and month-to-month tenant create opportunity to increase rents and improve overall tenancy
-Recently Renovated Asset – Property has undergone exterior modernization and tenant mix upgrades, reducing near-term capital needs
-High-Growth Market Fundamentals – Oxford continues to experience strong population growth and university-driven demand, supporting long-term retail performance
-Proximity to Major Demand Drivers – Located near the University of Mississippi, downtown Oxford Square, and Highway 7, capturing student, local, and visitor traffic
-Redevelopment Optionality – Zoned for flexible uses with potential for future mixed-use or higher-density redevelopment on a ±0.53-acre site
-Attractive Small-Shop Format – Highly leasable suite sizes (±625–2,500 SF) appeal to local and regional tenants, supporting long-term occupancy
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,750 SF
Building Class
C
Year Built/Renovated
1994/2023
Price
$3,500,000
Price Per SF
$451.61
Cap Rate
5.97%
NOI
$209,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
TNB - General Commercial
Parking
34 Spaces (4.39 Spaces per 1,000 SF Leased)
Frontage
100’ on University Ave
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 138C-28-009.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $91,110 |
Property Taxes
Parcel Number
138C-28-009.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$91,110
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1525 University Ave
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