Market Street Outparcels
Chipotle, Five Guys, Smoothie King - 5 Tenants, Three Outparcels to Power Center in Flowood, MS
Marketing description
The Property includes approximately 12,521 total square feet for the three buildings on approximately 2.39 acres of land (plus broad access and parking easement) for the three separate parcels.
108 Market Street is a two-tenant parcel anchored by Chipotle with 12+ years remaining on a 15-year NNN lease and four, 5-year options.
114 Market Street is a two-tenant parcel anchored by Smoothie King, a long-term tenant since 2017 with three, 5-year options, and is the top ranking location by visits of the six Smoothie Kings in the region (15-mile radius) per Placer.ai.
122 Market Street is a stand-alone Five Guys, another long-term tenant since 2016 who just exercised a 5-year option beginning May 1, 2026.
All tenants have 10% rent increases at their five-year option periods.
Investment highlights
100% Occupancy
- Anchored by multinational fast casual restaurants Chipotle, Smoothie King, and Five Guys.
- Chipotle signed a 15-year Lease in 2023.
- Smoothie King and Five Guys have operated at this location for nine (9) and ten (10) years, respectively.
- All Tenants have remaining renewal options.
- Remaining WALT is 6.27 years.
Ease of Accessibility
- Multiple access points for ingress and egress on Market Street and MacKenzie Lane.
- Chipotle has a separate drive-through accessible directly off Market Street. Only 30% of locations offer the signature Chipotlane.
- Chipotle and Smoothie King are the only two options in the center with drive-thru lanes, making them prime options for shoppers, residents and commuters.
- Ample parking with shared Dick’s Sporting Goods and Michaels lot.
Great Location
- Primary retail corridor in Flowood, Mississippi.
- Excellent visibility from Highway 25 (Lakeland Drive) which has over 49,681 VPD.
- Situated on strong right corner of Lakeland Drive and Market Street.
- Surrounded by national retailers Dick’s Sporting Goods, DSW, Five Below, Belk, Hobby Lobby, Lowe’s, Ross Dress for Less, Target, Best Buy, Old Navy, T.J. Maxx, Outback Steakhouse, Buffalo Wild Wings, Chick-fil-A, and Logan’s Roadhouse.
Placer.ai
- Numerous nearby retailers rank in the 85th percentile or higher nationally.
- At least nine (9) nearby retailers rank #1 in their Mississippi chain rankings.
- DSW ranks in the 99th percentile nationally (#5 of 422) and #2 in Mississippi (17 locations).
- Top ranking Smoothie King by visits in the region (15-mile radius).
- Chipotle, Smoothie King, and Five Guys are above average in their Placer.ai rankings.
Prime Flowood Demographics
- Educated talent pool with over 50% of the population having a Bachelor’s/Graduate/Professional degree.
- 55% of residents earn more than $100,000 annually.
- The average household income is $105,492.
- The median age is 36.8 years.
- The average family size is 2.85.
Several Upcoming Residential & Mixed-Use Developments
- Refuge Town Center/Refuge Lofts - 162 Acres, Mixed-Use, 340 Residential Lots, 600 Multifamily Units.
- Waterpointe - $500 Million, 200-Acre, 560 Residences, 800,000 SF Commercial Development.
- Les Maisons - 253 Acres, 206 Single-Family Lots.
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