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Shopping Regional

Clinton Plaza Shopping Center

200 Clinton Blvd, Clinton, MS 39056

Listing Price: $5,620,000

Cap Rate
8.50%
Gross SF
96,857
Rentable SF
96,857
Price/Gross SF
$58.02
Lot Size
8.00 acres
Year Built
1974

Investment Overview

CLINTON PLAZA
• Clinton Plaza is a 96,857 square foot retail center located just outside the Mississippi’s capital city of Jackson
• The center is anchored by a consistently high performing Big Lots (NYSE: BIG)
• Located in a high traffic retail corridor
• Low Rental Rates | Avg. Rent $5.81/SF
• Priced below replacement cost | $58.02/SF

BIG LOTS | STRONG PERFOMANCE
• The shopping center is anchored by Big Lots (45% of GLA), a credit rated tenant reporting $5.65B in 2022 revenue
• Big Lots has been operating in this location for 18 years
• This is the #1 most visited Big Lots store in the Jackson MSA
• This location ranks as the # 3 location in the state of Mississippi
• Top 19% store in the country

HIGH TRAFFIC RETAIL CORRIDOR
• The center is ideally positioned in a robust retail corridor of Clinton
• Clinton Plaza has strong fundamentals and is positioned with access & signage to two major roads | US-80 & Clinton Boulevard (26,200 VPD)
• Other retailers along this corridor include Kroger, Home Depot, Walmart, Dollar General, CVS, Walgreens, Family Dollar, Advance Auto, O’Reilly, and more

STABLE SHOPPING CENTER WITH LOW RENTS
• History of Successful tenancy | Average tenant tenure of tenants signed before 2021: 17 years
• Leasing Momentum | Seller has executed 4 new leases in the last 3 years
• Low Rental Rates | Avg. Rent $5.81/SF

Investment Highlights

  • #3 Big Lots In MS
  • High Traffic Retail Corridor | 26,200 VPD
  • Priced Below Replacement Cost $58.02/SF
  • Low Rental Rates AVG Rent $5.81/SF
  • Successful Tenant History | AVG Tenure 17 Years
  • Leasing Momentum 4 New Leases In The Last 3 Years

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Shopping Regional

Clinton Plaza Shopping Center

Listing Price: $5,620,000

Cap Rate
8.50%
Gross SF
96,857
Rentable SF
96,857
Price/Gross SF
$58.02
Lot Size
8.00 acres
Year Built
1974

Investment Highlights

  • #3 Big Lots In MS
  • High Traffic Retail Corridor | 26,200 VPD
  • Priced Below Replacement Cost $58.02/SF
  • Low Rental Rates AVG Rent $5.81/SF
  • Successful Tenant History | AVG Tenure 17 Years
  • Leasing Momentum 4 New Leases In The Last 3 Years

Investment Overview

CLINTON PLAZA • Clinton Plaza is a 96,857 square foot retail center located just outside the Mississippi’s capital city of Jackson • The center is anchored by a consistently high performing Big Lots (NYSE: BIG) • Located in a high traffic retail corridor • Low Rental Rates | Avg. Rent $5.81/SF • Priced below replacement cost | $58.02/SF BIG LOTS | STRONG PERFOMANCE • The shopping center is anchored by Big Lots (45% of GLA), a credit rated tenant reporting $5.65B in 2022 revenue • Big Lots has been operating in this location for 18 years • This is the #1 most visited Big Lots store in the Jackson MSA • This location ranks as the # 3 location in the state of Mississippi • Top 19% store in the country HIGH TRAFFIC RETAIL CORRIDOR • The center is ideally positioned in a robust retail corridor of Clinton • Clinton Plaza has strong fundamentals and is positioned with access & signage to two major roads | US-80 & Clinton Boulevard (26,200 VPD) • Other retailers along this corridor include Kroger, Home Depot, Walmart, Dollar General, CVS, Walgreens, Family Dollar, Advance Auto, O’Reilly, and more STABLE SHOPPING CENTER WITH LOW RENTS • History of Successful tenancy | Average tenant tenure of tenants signed before 2021: 17 years • Leasing Momentum | Seller has executed 4 new leases in the last 3 years • Low Rental Rates | Avg. Rent $5.81/SF

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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