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Shopping Regional

Walmart Shadow Center

4882-4898 Hwy 18 W, Jackson, MS 39209

Listing Price: $3,510,000

Cap Rate
8.00%
Gross SF
24,069
Rentable SF
24,069
Price/Gross SF
$145.83
Lot Size
1.91 acres
Year Built
2001

Investment Overview

WALMART SHADOW CENTER
• The subject property is a 100% occupied, 24,069 square foot Walmart shadow anchored retail center located in Jackson, MS
• 75% of the GLA is leased to strong national tenants such as Humana, CATO, It’s Fashion Metro, Shoe Show, and more
• The center is anchored by a Walmart Supercenter for the last 23 years | Walmart owns the Real Estate
• Positioned in a high-traffic retail corridor of Mississippi’s capital city

NATIONAL TENANT LINEUP
• 75% of the center is leased to national tenants
• Humana recently executed a 10-year lease on the largest space in the center (25% of GLA)
• Humana Inc. is a for-profit American health insurance company with a net worth of $57.19B & this lease carries a full corporate guarantee
• Many of the national tenants such as CATO, It’s Fashion Metro, and H&R Block are original tenants who have been in this center since 2001 and have renewed the lease multiple times

HIGH TRAFFIC CORRIDOR | LIMITED RETAIL COMPETITION
• Property is located on the high traffic corridor of Highway 18 (27,000 VPD) and just off I-20 (71,000 VPD)
• The center has strong fundamentals with excellent frontage to the main road, and has a direct turn lane into the center through adjacent median, allowing access from both traffic flows
• While the center benefits greatly from Walmart Traffic, its positioning allows it to not directly rely on it

HIGH PERFORMING TENANT MIX | LIMITED COMPETITION
• Due to the high traffic nature of the center, space here has been in high demand and the center has remained at a high occupancy over the life of the center
• Limited retail competition | There is a limited amount of shop space in this corridor, driving further tenant interest in the center
• This is the #1 most visited CATO in the state of Mississippi, and ranks top 9% nationally
• This is the #5 most visited It’s Fashion in the state of Mississippi, and ranks top 20% nationally

Investment Highlights

  • 75% Of GLA National Tenants
  • New 10-Year Humana Lease (25% Of GLA)
  • High Traffic Retail Corridor
  • Excellent Frontage & Access To Main Road
  • #1 CATO In MS #5 It's Fashion In MS
  • Walmart Shadow Center Anchor For 23 Years

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Shopping Regional

Walmart Shadow Center

Listing Price: $3,510,000

Cap Rate
8.00%
Gross SF
24,069
Rentable SF
24,069
Price/Gross SF
$145.83
Lot Size
1.91 acres
Year Built
2001

Investment Highlights

  • 75% Of GLA National Tenants
  • New 10-Year Humana Lease (25% Of GLA)
  • High Traffic Retail Corridor
  • Excellent Frontage & Access To Main Road
  • #1 CATO In MS #5 It's Fashion In MS
  • Walmart Shadow Center Anchor For 23 Years

Investment Overview

WALMART SHADOW CENTER • The subject property is a 100% occupied, 24,069 square foot Walmart shadow anchored retail center located in Jackson, MS • 75% of the GLA is leased to strong national tenants such as Humana, CATO, It’s Fashion Metro, Shoe Show, and more • The center is anchored by a Walmart Supercenter for the last 23 years | Walmart owns the Real Estate • Positioned in a high-traffic retail corridor of Mississippi’s capital city NATIONAL TENANT LINEUP • 75% of the center is leased to national tenants • Humana recently executed a 10-year lease on the largest space in the center (25% of GLA) • Humana Inc. is a for-profit American health insurance company with a net worth of $57.19B & this lease carries a full corporate guarantee • Many of the national tenants such as CATO, It’s Fashion Metro, and H&R Block are original tenants who have been in this center since 2001 and have renewed the lease multiple times HIGH TRAFFIC CORRIDOR | LIMITED RETAIL COMPETITION • Property is located on the high traffic corridor of Highway 18 (27,000 VPD) and just off I-20 (71,000 VPD) • The center has strong fundamentals with excellent frontage to the main road, and has a direct turn lane into the center through adjacent median, allowing access from both traffic flows • While the center benefits greatly from Walmart Traffic, its positioning allows it to not directly rely on it HIGH PERFORMING TENANT MIX | LIMITED COMPETITION • Due to the high traffic nature of the center, space here has been in high demand and the center has remained at a high occupancy over the life of the center • Limited retail competition | There is a limited amount of shop space in this corridor, driving further tenant interest in the center • This is the #1 most visited CATO in the state of Mississippi, and ranks top 9% nationally • This is the #5 most visited It’s Fashion in the state of Mississippi, and ranks top 20% nationally

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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