Listed by Matthews
$2,440,000
Riverbirch Center
Details
APN 072-10-1-3568-000-00700
Property Type Retail
Sub Type Shopping Center
Square Footage 20,577
Cap Rate 8.00%
NOI $195,357
Occupancy 100%
Tenancy Multi
Price per SqFt $119
Class B
Year Built 2008
Investment Type Stabilized
Ground Lease No
Top Performing Walmart Shadow Anchor | Mix of National and Local Tenants
Investment highlights
- Walmart shadow-anchored neighborhood retail center strategically positioned in Meridian, Mississippi, benefiting from strong daily traffic drivers and established consumer demand.
- 100% occupied multi-tenant asset featuring a diverse mix of national, regional, and local tenants, creating stable in-place cash flow and reducing rollover concentration.
- Offered at $2,440,000, representing $119 PSF and an attractive 8.00% Year 1 cap rate based on projected Year 1 NOI of $195,357.
- Necessity-based tenant mix includes service, medical, financial, wireless, and beauty users, supporting durable tenancy and repeat customer traffic.
- Located within an established retail corridor just off of MS-19 (±13,500 VPD), serving as a convenient shopping destination for the surrounding Lauderdale County trade area.
- Positioned in a market supported by healthcare, military, manufacturing, and transportation employment drivers, helping sustain daytime traffic and local spending.
- Regional draw from East Mississippi and West Alabama supports long-term relevance as Meridian functions as a primary commercial hub for surrounding communities.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,357.00
$16,279.75/mo
Valuation Metrics
0
DSCR
8.01%
Cap Rate
8.01%
ROI
Map
Zoning
R1 ResidentialSingle FamilySingle Family Residential District
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View all 21 uses
View all 21 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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