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31661960
31661961

1001 Hampstead Boulevard, Clinton, MS 39056

WD
MS MS B-15586, TN TN 272205
Marcus & Millichap - Memphis
Listed by Marcus & Millichap - Memphis
$6,875,000
51 days on market
Updated 15 days ago

Walmart Shadow Center

Details
APN 2860-834-995
Property Type Retail
Sub Type Storefront, Shopping Center (+1)
Square Footage 54,400
Cap Rate 8.00%
NOI $550,014
Occupancy 100%
Tenancy Multi
Brand/Tenant Walmart
Price per SqFt $126
Year Built 2001
Acreage 6.550
Ground Lease No

54,400 SF | Walmart Shadow Center | Clinton, MS

Marketing description

Retail • 55,964 SF • 1 Unit

Investment highlights

WALMART SHADOW CENTER | CLINTON, MS (JACKSON MSA) | #1 SHOPPING CENTER IN MARKET

• 54,400 square foot Walmart Shadow center in a proven suburban retail market within the Jackson MSA

• Dominant Walmart shadow center positioned along the US-80 / I-20 corridor, benefiting from consistent daily-needs traffic, commuter flow, and regional draw from surrounding communities

• Proven long-term operators (50%+ occupying center 13+ years) with strong Placer.ai performance

• High-performing Walmart with limited competition in the immediate retail node

• #1 most visited retail shopping center in Clinton, MS

BEST IN CLASS TENANT LINEUP | TOP RANKING FOOT TRAFFIC & TENANT PERFORMANCE

• Anchored by Shoe Show, Rainbow USA, and Petsense plus an inline mix including Hibbett, Santa Fe Bar & Grill, Wingstop, Sally Beauty

• 61% credit tenancy with 10.2-year average tenant tenure reflects long-standing retailer commitment and operational stability within Clinton’s primary shopping corridor

• Strong Walmart performance that benefits from the lack of competition in the surrounding area

• Walmart saw 2.41 million visits in the last 12 months and ranked #3 out of 20 for Superstores in a 50-mile radius (top 10%)

STRONG PLACER. AI PERFORMANCE FOR MULTIPLE TENANTS IN THE CENTER

• Wingstop: 4/13 (Top 24% statewide) | 304/2.1K (Top 15% nationwide)

• Shoe Show: 4/14 (Top 18% statewide) | 23/350 (Top 7% nationwide)

• Petsense: 4/12 (Top 25% statewide) | 54/197 (Top 27% nationwide)

• Sally Beaty: 1/19 (Top 1% statewide) | 67/1.8K (Top 4% nationwide)

• Hibbett: 13/40 (Top 30% statewide) | 277/759 (Top 37% nationwide)

• GameStop: 5/19 (Top 22% statewide) | 538/1.6K (Top 33% nationwide)

• Neighboring Chick-fil-a: 5/25 (Top 16% statewide) | 317/2.4K (Top 14% nationwide)

SUPPLY CONSTRAINED MARKET | LEASING UPSIDE

• Weighted average in-place rent of $12.38 PSF is 15% below the market asking rent of $14.52 (Costar)

• One of only 2 grocery-anchored shopping centers in a low-supply retail area supports foot traffic patterns and increases the center’s competitive positioning

• Limited competing shop space in the market drives leasing demand and reduces downtime risk during future lease-up

STRATEGIC INTERSTATE/HIGH TRAFFIC CORRIDOR POSITIONING

• Direct frontage on US-80 (21,000 VPD) with signalized corner access and immediate proximity to I-20 (50,000 VPD), a primary east-west artery connecting Clinton to Jackson

• Walmart shadow center is in Clinton’s dominant retail center – it captures dailyneeds traffic from local residents, commuters, and regional shoppers while separated from the main Jackson area

• Surrounded by strong national retailers like Kroger, Tractor Supply, Home Depot, Dollar Tree, Planet Fitness, CVS, Walgreens, and more

TOP TIER SUBURBAN MARKET WITH JACKSON MSA ACCESSIBILITY

• Clinton is a desirable suburb in the Jackson MSA – it is ideally situated for business growth and prosperity, being located on major interstate thoroughfares in the central portion of Mississippi and adjacent to the capital city of Jackson

• Key traffic drivers include Mississippi College(oldest college in MS), advanced manufacturing(Eaton & Vertex), Industrial presence(Continental Tire, Milwaukee Tool, Taylor Power, & McNeely Plastic), and healthcare (Merit Health & UMMC), plus strong I-20/US-80 commuter traffic to Jackson

• Clinton represents one of the more established suburban communities in the Jackson metro, characterized by steady homeownership and necessity-driven retail demand

• Named one of “the most livable cities” in Mississippi, Clinton, MS, has an exceptional quality of life, housing, safety, and entertainment.

• Limited new retail supply and established necessity corridor create durable demand

Listing Contacts

WD
MS MS B-15586, TN TN 272205
Marcus & Millichap - Memphis
Listed by Marcus & Millichap - Memphis

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$550,014.00
$45,834.50/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Mickey Davis
License
MS 15586
Title
Broker of Record
Name
William Davis
License
MS B-15586
Brokerage
Marcus & Millichap
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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