Skip to main content

Shopping Strip

Pearl Marketplace- Save-a Lot Anchored

3111 US-80 East, Pearl (Jackson), MS 39208

Listing Price: $2,680,000

Cap Rate
9.00%
Gross SF
57,566
Rentable SF
57,566
Price/Gross SF
$46.56
Lot Size
5.92 acres
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to exclusively offer Pearl Marketplace, a 57,566 square
foot neighborhood shopping center anchored by Save-A-Lot, Dollar Tree, and Dirt
Cheap. The center's national and regional tenants occupy 98% of the GLA and
contribute 96% of current base rental income. Pearl Marketplace is currently 100%
occupied offering an investor the opportunity to acquire a stabilized asset with a
synergistic tenant mix in a suburban community close to the capital city of Mississippi.
The offering includes an attractive loan assumption at a below market interest rate of
6.00%. The property is located in the southeast area of the Jackson MSA just 4 miles
from the Jackson-Medgar Wiley Evers International Airport in Pearl, the 13th largest
city in the state and the largest city in Rankin County.

Investment Highlights

  • Anchored by National and Regional Tenants with 98% GLA
  • 100% Leased Neighborhood Center with Grocery and Discount Retail
  • Parallel to Primary Retail Corridor with 20,000 VPD

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Shopping Strip

Pearl Marketplace- Save-a Lot Anchored

Listing Price: $2,680,000

Cap Rate
9.00%
Gross SF
57,566
Rentable SF
57,566
Price/Gross SF
$46.56
Lot Size
5.92 acres
Year Built
1970

Investment Highlights

  • Anchored by National and Regional Tenants with 98% GLA
  • 100% Leased Neighborhood Center with Grocery and Discount Retail
  • Parallel to Primary Retail Corridor with 20,000 VPD

Investment Overview

Marcus & Millichap is pleased to exclusively offer Pearl Marketplace, a 57,566 square foot neighborhood shopping center anchored by Save-A-Lot, Dollar Tree, and Dirt Cheap. The center's national and regional tenants occupy 98% of the GLA and contribute 96% of current base rental income. Pearl Marketplace is currently 100% occupied offering an investor the opportunity to acquire a stabilized asset with a synergistic tenant mix in a suburban community close to the capital city of Mississippi. The offering includes an attractive loan assumption at a below market interest rate of 6.00%. The property is located in the southeast area of the Jackson MSA just 4 miles from the Jackson-Medgar Wiley Evers International Airport in Pearl, the 13th largest city in the state and the largest city in Rankin County.

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

MM Texture Background
MM Textured Background Lower