Investment Overview

Marcus & Millichap is proud to present Riverbirch Plaza , a fully occupied, high-traffic retail shopping center located at 1201-1231 Sunset Drive in Grenada, Mississippi. Spanning approximately 99,097 square feet on 9.5 acres with 11 suites, the center is 100% occupied and benefits from a diverse mix of national, regional, and strong local tenants including Dollar General, Harbor Freight, Citi Trends, All In Fitness, The Green Standard dispensary, Yamato Steakhouse, and others. Built in 1976 and well-maintained, the property generates a robust Net Operating Income (NOI) of $450,681, delivering an attractive 8.58% cap rate even when accounting for market vacancy. Grenada’s strategic position along the I-55 corridor, combined with major industrial growth driven by Milwaukee Tool’s largest U.S. facility and the emerging SouthPoint Business Park, supports a strong local economy with rising employment, population stability, and increased consumer spending power. This creates excellent long-term upside through potential rental growth, tenant retention, and property appreciation in a secondary market that offers favorable pricing relative to larger metros. For investors seeking immediate cash flow, diversified tenant risk, and exposure to a revitalizing North Mississippi market, Riverbirch Plaza represents a turnkey retail investment with solid fundamentals and clear value-add potential.