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- LoopNet Team
9150-9230 Millbranch Rd
Southaven, MS 38671
Magnolia Shops ($113/sft), 6 buildings · Retail Property For Sale
Property Facts
Amenities
- Signage
About 9150-9230 MILLBRANCH RD , SOUTHAVEN, MS 38671
Recently renovated shopping center. Over 44,000 square feet. 6 buildings. Fully leased. New Roof, Stucco, Lighting, HVACs. Motivated Seller. Potential upside in rents. Up and coming area. High demand. Located on high traffic artery leading into newly revitalized West End District of Southaven, MS Seller financing is an option. The property has approximately 57,440 people residing within a three-mile radius and 136,550 people within a five-mile radius. The property is located on Millbranch and Main (Stateline Road). Stateline Road W experiences average daily traffic counts of 22,000 vehicles and feeds directly from Interstate 55, which brings an additional 36,000 vehicles through the immediate area on a daily basis. Additionally, Interstate 55 provides easy and direct access to Memphis. • 6 Buildings • 44,173 sqft (interior) • Total Current Gross: 37800/mo, 453,600/yr • Total Net: 376,400/yr • Sale Price: 5,000,000 • Cap Rate: 7.528%
Property Taxes
| Parcel Number | 1086140200004500 | Improvements Assessment | $54,123 |
| Land Assessment | $11,421 | Total Assessment | $65,544 |
Property Taxes
