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Senatobia Shops 98-110 E Main St 15,300 SF 100% Leased Retail Building Senatobia, MS 38668 $1,236,766 ($80.83/SF) 8.85% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Tenant Stability – Long-term leases in place, with several tenants showing years of commitment to the site, ensuring stable cash flow.
  • Strip Center Intrinsics – Senatobia Shops embodies the low risk associated with smaller, leasable tenant spaces.
  • Attractive retail Design – Features prominent signage, ample parking, and high visibility, ideal for tenant success and consumer convenience.
  • Rent Growth – Majority of the tenants are paying below market rent, presenting an opportunity for future rent growth.
  • E-Commerce Resilience – Tenancy profile is service-oriented, offering resistance to online retail disruption.
  • High Yield – High yield investment that rarely comes available.

EXECUTIVE SUMMARY

Broker of Record
Phillip Carpenter
License # C-11708 (MS)
Matthews Real Estate Investment Services, Inc
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,300 SF
Building Class
C
Year Built/Renovated
1970/2019
Price
$1,236,766
Price Per SF
$80.83
Cap Rate
8.85%
NOI
$109,454
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.72 AC
Opportunity Zone
Yes
Parking
60 Spaces (3.92 Spaces per 1,000 SF Leased)
Frontage
345’ on Main St

AMENITIES

  • Pylon Sign
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Cathey Enterprises
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • Dr. Glenn Goldring
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Finance and Insurance
  • -
  • -
  • -

Fidelity National Loans has kept its reliable personal loan lending service strong for decades with one thing in mind – superior customer service. While it handles many levels of lending, its focus is very local with locations conveniently located for loans in Mississippi. That same spirit of community also permeates its teams in each city with that comfortable feeling of dealing with “someone you know”. It takes a few moments to get to know us as we strive to assist our communities’ people, families, and businesses for a more productive future!

  • Michael T. Williams Tax Office
  • Finance and Insurance
  • -
  • -
  • -
  • Services
  • -
  • -
  • -

Pro Nails is a full service nail salon and spa specializing in high quality nail art. They operate salons and spas all over the continental United States and dedicate their time and energy in to making sure their customers have a comfortable experience and leave satisfied. Pro Nails' nail artists are very experienced, having spent years mastering nail art. They guarantee that their patrons will leave satisfied and they will anticipate the next visit. Their nail salons are clean, comfortable, and professional making them the best in the business.

  • Sam's Cell Phone & Accessories
  • Information
  • -
  • -
  • -
  • Finance and Insurance
  • -
  • -
  • -

Shelter Insurance® is a property casualty insurance company offering auto and home insurance in addition to several other insurance products. Shelter Insurance® products are sold by agents in 15 states— Arkansas, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Nevada, Ohio, Oklahoma and Tennessee. They consistently receive high ratings from A.M. Best Company (a national firm that rates the financial strength and operating performance of insurance companies) and they are a mutual insurance company, which means they are owned by their policyholders rather than stockholders, and governed by a Board of Directors. They believe integrity and a commitment to continuous improvement are essential, and they make customer service one of their top priorities. Their primary goal is to be a benefit to their customers, communities, employees and their nearly 1,400 licensed agents as they find ways to maintain their strong financial position.

  • Retailer
  • -
  • -
  • -

Smoker Friendly® is America's largest cigarette and tobacco store (CTS) retailer. Their first retail location was opened in 1988, making Smoker Friendly one of the leading pioneers of the trade class. The brick and mortar locations are centralized primarily in Colorado, Nebraska, Wyoming, Montana, and Florida. Smoker Friendly is actively expanding their reach and enthusiastic to introduce their customers to the latest additions to the Smoker Friendly family.

  • Tobacco Superstore
  • Retailer
  • -
  • -
  • -
  • Vapor Superstore
  • Retailer
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Cathey Enterprises Professional, Scientific, and Technical Services - - -
Dr. Glenn Goldring Health Care and Social Assistance - - -
Finance and Insurance - - -
Michael T. Williams Tax Office Finance and Insurance - - -
Services - - -
Sam's Cell Phone & Accessories Information - - -
Finance and Insurance - - -
Retailer - - -
Tobacco Superstore Retailer - - -
Vapor Superstore Retailer - - -

NEARBY MAJOR RETAILERS

First Horizon Bank
Zaxby's
Huddle House
Cadence Bank
First Security Bank
Bestway Rent To Own
Woodforest National Bank
1st Heritage Credit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
099B-11-0000602
Land Assessment
$16,962
Improvements Assessment
$64,390
Total Assessment
$81,352
  • Listing ID: 38644648

  • Date on Market: 12/3/2025

  • Last Updated:

  • Address: 98-110 E Main St, Senatobia, MS 38668

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