515 Town Center Blvd 15,020 SF 100% Leased Retail Building Byram, MS 39272 $2,944,510 ($196.04/SF) 7.25% Cap Rate

Byram Town Center is a fully occupied, best-in-class neighborhood retail center positioned within the growing Jackson MSA. Built in 2016, the property showcases pride-of-ownership architecture and durable construction, giving investors long-term confidence in building systems and capital needs. The center benefits from a strong tenant mix anchored by Dollar Tree, which occupies the majority of the GLA and has already exercised its early extension through 2031, signaling an ongoing commitment to the location. Additional tenants include AT&T, Diva Nail Spa, and China Kitchen, each contributing to stable retail traffic and everyday needs-based demand.
Situated just 10 miles south of Jackson, Byram is a community with rising incomes and consistent population growth. Within a 3-mile radius, average household income exceeds $89,000, supporting robust retail spending. The property is surrounded by high-performing national brands including Raising Cane’s, Chick-fil-A, Starbucks, Newk’s Eatery, and McAlister’s Deli, creating a strong commercial corridor and reinforcing long-term leasing velocity. The center’s 100 percent occupancy and NNN lease structure support predictable income and minimal landlord responsibility.
Financially, the investment offers a stable NOI of approximately $213,477 and a market-competitive cap rate of 7.25 percent at the offering price of $2,944,510. Solid recoveries, consistent rental revenue growth, and a diversified rent roll provide durable income throughout the hold period. With only four tenants and no near-term rollover on major spaces, the property allows an incoming investor to benefit from reliable cash flow with limited operational complexity. The combination of a high-quality retail environment, strong demographic fundamentals, and creditworthy tenancy positions Byram Town Center as an appealing, low-maintenance investment opportunity.