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602 W Bankhead St 2,562 - 5,205 SF of Retail Space Available in New Albany, MS 38652
HIGHLIGHTS
- Newly renovated strip center with modern finishes and updated façade
- Direct access to State Highway 30 and Interstate 22 for regional connectivity
- Ample shared parking with 80 paved spaces and convenient rear access
- Prime corner location on Bankhead Street with 14,000 daily traffic count
- Strong co-tenancy including Dollar General, Sherwin-Williams, and Sunset Pool & Patio
- Flexible suite configurations with glass storefronts and high ceilings
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste A | 2,643 SF | 18’ - 22’ | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $42,288 /YR $3,524 /MO | Triple Net (NNN) | |
| 1st Floor, Ste B | 2,562 SF | 18’ - 22’ | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $40,992 /YR $3,416 /MO | Triple Net (NNN) |
1st Floor, Ste A
21' 8" storefront x 122' depth with 1 restroom.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,205 SF of adjacent space
- Finished Ceilings: 18’ - 22’
1st Floor, Ste B
21' storefront x 122' depth space with 1 restroom.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,205 SF of adjacent space
- Finished Ceilings: 18’ - 22’
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 5,205 SF | Year Built | 1968 |
| Property Type | Retail | Parking Ratio | 2.91/1,000 SF |
| Gross Leasable Area | 27,454 SF |
| Total Space Available | 5,205 SF |
| Property Type | Retail |
| Gross Leasable Area | 27,454 SF |
| Year Built | 1968 |
| Parking Ratio | 2.91/1,000 SF |
ABOUT THE PROPERTY
TRI is pleased to present this newly renovated retail center, ideally positioned for medical and retail users. The property features corrugated metal construction with a street-facing brick façade and gabled roof. Available spaces range from 2,562–5,124 SF and offer 21'–42' glass storefronts, covered rear access, and shared parking with 80 paved spaces (2.9 per 1,000 SF). One space is fully built out with painted walls, finished flooring, and exposed spiral HVAC ductwork, while remaining spaces are partially built out with sheetrock walls, open white-painted ceilings with 18'-22' ceiling heights, and one restroom per suite. Co-tenants include Dollar General, Sherwin-Williams, and Sunset Pool & Patio. Located on Bankhead Street (Average Daily Traffic: 14,000), the primary commercial artery and “Main Street” of downtown New Albany. The property shares a prime corner at the intersection of State Highway 30 (Average Daily Traffic: 11,000), providing direct access to Interstate 22 serving both local and regional traffic. Minutes from restaurants, banks, Baptist Hospital and New Albany Medical District.
- Air Conditioning
NEARBY MAJOR RETAILERS
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602 W Bankhead St
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