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Shopping Community

Auction | Vicksburg Commons | $268K NOI | 74% Occupied

4000 S Frontage Rd, Vicksburg, MS 39180

Listing Price: $500,000

Cap Rate
0.01%
Gross SF
95,304
Rentable SF
95,304
Price/Gross SF
$5.25
Lot Size
9.41 acres
Year Built
1995

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace RIMarketplace Online Auction June 27-29: https://bit.ly/3LK9I4D Marcus & Millichap and RI Marketplace are pleased to present Vicksburg Commons Shopping Center (the “Property or “Offering”), a ±95,304 square foot community retail center located at 4000 S. Frontage Road in Vicksburg, Mississippi. Currently ±74.43% occupied, Vicksburg Commons presents an investor the perfect opportunity to tap into an established trade area with income from a mix of service-oriented tenants with multiple upside scenarios. The Property is improved with one, single-story retail building constructed in 1995 and positioned on one parcel totaling ±9.41 acres. The tenant base consists of a complimentary mix of local and national tenants that supplies the city’s consumers with a wide range of products and services to meet the needs of its residents. The Property is ±74.43% occupied and has 23 retail units ranging in size from 1,036 SF to 9,500 square feet. The Property is complemented by a diverse group of service-oriented e-commerce resistant tenants and approximately 64% of the GLA recently executed a new lease showing strong leasing velocity post Covid. This cash flowing center offers investors stable income with upside via staggered lease expirations and mark-to-market rates upon rollover. The Property also benefits from its positioning adjacent to a Cracker Barrel (not included in offering) and within 0.5-miles of several hotels including Quality Inn, Courtyard by Marriott Vicksburg, La Quinta Inn & Suites by Wyndham Vicksburg, Comfort Suites, and Holiday Inn Express & Suites Vicksburg which drive additional cross traffic to Vicksburg Commons. Centrally located in Warren County and is located ±234 miles northwest of New Orleans on the Mississippi and Yazoo rivers, and ±40 miles due west of Jackson, the state capital. Vicksburg is located along the Great River Road at the crossroads of Historic Highway 80 and Highway 61-America’s Blues Highway. Vicksburg Commons is positioned minutes from downtown attractions like the Lower Mississippi River Museum, the Biedenharn Coca-Cola Museum, and the Vicksburg Convention Center. Vicksburg Commons offers convenient access and a strategic location just off I-20 (±48,740 VPD) and US-80 (±15,833 VPD) near Hwy-27 (±13,057 VPD) in a main commercial corridor. The Property benefits from strong co-tenancy in the area and its location ensures continued consumer demand and future retailer interest as evidenced by the recent leasing velocity. The Property also benefits from dense demographics with a population of ±29,810 residents within a 5-mile radius and ±43,032 residents within an expanded 10-mile radius. The Property is ideally located near numerous demand generators and employers including Cooper Lighting, Batesville Casket, Ergon Refinery, International Paper, River Region Health System, Grand Gulf Nuclear Plant, ERDC, and the Port of Vicksburg. Vicksburg Commons has seen strong historical occupancy and its prominent location within the growing market provides it the ability to continue to be an integral part of the shopping center community for residents and travelers alike.

Investment Highlights

  • STARTING BID $500,000 | $268k NOI | AUCTION JUNE 27-29, 2022
  • ±95,304 Square Foot, Multi-Tenant, Community Retail Center Positioned on Expansive ±9.41 Acre Parcel in Vicksburg, MS Just Minutes from the Mississippi Louisiana Border
  • ±74.43% Percent Occupied and Complemented by a Diverse Mix of Local Tenants; Well-Seated in the Local Market With Recent Leasing Velocity
  • Strong Cash Flow with Upside Via Vacancy Absorption, Escalations, Staggered Lease Expirations and Options; Below Market Rents with Mark to Market Rates Upon Roll Over
  • Highly Accessible Location Strategically Located Just Off I-20 (±48,740 VPD) and US-80 (±15,833 VPD) near Hwy-27 (±13,057 VPD) in a Main Commercial Corridor
  • Recent Capital Improvements to the Lighting Totaling (±$33,373) Including Upgraded LED Canopy Lights (±$8,858) and LED Parking Lot Lights (±$24,515) | Federal Opportunity Zone
  • Multiple Points of Ingress/Egress with Abundant Parking (490 Spaces); The new South Frontage Road extension is now open and provides a new and convenient access point for the local community
  • Positioned Adjacent to a Cracker Barrel Old Country Store (NAP) and within a ½ Mile of Several Hotels including Quality Inn, Courtyard by Marriott Vicksburg, La Quinta Inn & Suites by Wyndham Vicksburg, Comfort Suites, and Holiday Inn Express & Suites Vicksburg, an IHG Hotel

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Shopping Community

Auction | Vicksburg Commons | $268K NOI | 74% Occupied

Listing Price: $500,000

Cap Rate
0.01%
Gross SF
95,304
Rentable SF
95,304
Price/Gross SF
$5.25
Lot Size
9.41 acres
Year Built
1995

Investment Highlights

  • STARTING BID $500,000 | $268k NOI | AUCTION JUNE 27-29, 2022
  • ±95,304 Square Foot, Multi-Tenant, Community Retail Center Positioned on Expansive ±9.41 Acre Parcel in Vicksburg, MS Just Minutes from the Mississippi Louisiana Border
  • ±74.43% Percent Occupied and Complemented by a Diverse Mix of Local Tenants; Well-Seated in the Local Market With Recent Leasing Velocity
  • Strong Cash Flow with Upside Via Vacancy Absorption, Escalations, Staggered Lease Expirations and Options; Below Market Rents with Mark to Market Rates Upon Roll Over
  • Highly Accessible Location Strategically Located Just Off I-20 (±48,740 VPD) and US-80 (±15,833 VPD) near Hwy-27 (±13,057 VPD) in a Main Commercial Corridor
  • Recent Capital Improvements to the Lighting Totaling (±$33,373) Including Upgraded LED Canopy Lights (±$8,858) and LED Parking Lot Lights (±$24,515) | Federal Opportunity Zone
  • Multiple Points of Ingress/Egress with Abundant Parking (490 Spaces); The new South Frontage Road extension is now open and provides a new and convenient access point for the local community
  • Positioned Adjacent to a Cracker Barrel Old Country Store (NAP) and within a ½ Mile of Several Hotels including Quality Inn, Courtyard by Marriott Vicksburg, La Quinta Inn & Suites by Wyndham Vicksburg, Comfort Suites, and Holiday Inn Express & Suites Vicksburg, an IHG Hotel

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace RIMarketplace Online Auction June 27-29: https://bit.ly/3LK9I4D Marcus & Millichap and RI Marketplace are pleased to present Vicksburg Commons Shopping Center (the “Property or “Offering”), a ±95,304 square foot community retail center located at 4000 S. Frontage Road in Vicksburg, Mississippi. Currently ±74.43% occupied, Vicksburg Commons presents an investor the perfect opportunity to tap into an established trade area with income from a mix of service-oriented tenants with multiple upside scenarios. The Property is improved with one, single-story retail building constructed in 1995 and positioned on one parcel totaling ±9.41 acres. The tenant base consists of a complimentary mix of local and national tenants that supplies the city’s consumers with a wide range of products and services to meet the needs of its residents. The Property is ±74.43% occupied and has 23 retail units ranging in size from 1,036 SF to 9,500 square feet. The Property is complemented by a diverse group of service-oriented e-commerce resistant tenants and approximately 64% of the GLA recently executed a new lease showing strong leasing velocity post Covid. This cash flowing center offers investors stable income with upside via staggered lease expirations and mark-to-market rates upon rollover. The Property also benefits from its positioning adjacent to a Cracker Barrel (not included in offering) and within 0.5-miles of several hotels including Quality Inn, Courtyard by Marriott Vicksburg, La Quinta Inn & Suites by Wyndham Vicksburg, Comfort Suites, and Holiday Inn Express & Suites Vicksburg which drive additional cross traffic to Vicksburg Commons. Centrally located in Warren County and is located ±234 miles northwest of New Orleans on the Mississippi and Yazoo rivers, and ±40 miles due west of Jackson, the state capital. Vicksburg is located along the Great River Road at the crossroads of Historic Highway 80 and Highway 61-America’s Blues Highway. Vicksburg Commons is positioned minutes from downtown attractions like the Lower Mississippi River Museum, the Biedenharn Coca-Cola Museum, and the Vicksburg Convention Center. Vicksburg Commons offers convenient access and a strategic location just off I-20 (±48,740 VPD) and US-80 (±15,833 VPD) near Hwy-27 (±13,057 VPD) in a main commercial corridor. The Property benefits from strong co-tenancy in the area and its location ensures continued consumer demand and future retailer interest as evidenced by the recent leasing velocity. The Property also benefits from dense demographics with a population of ±29,810 residents within a 5-mile radius and ±43,032 residents within an expanded 10-mile radius. The Property is ideally located near numerous demand generators and employers including Cooper Lighting, Batesville Casket, Ergon Refinery, International Paper, River Region Health System, Grand Gulf Nuclear Plant, ERDC, and the Port of Vicksburg. Vicksburg Commons has seen strong historical occupancy and its prominent location within the growing market provides it the ability to continue to be an integral part of the shopping center community for residents and travelers alike.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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