1001-1016 Hampstead Blvd - Storefront FOR SALE


Clinton, MS 39056
$6,875,000 USD
901-827-8929
1001-1016 Hampstead Blvd, Clinton, MS for Sale
$6,875,000 USD
Storefront - FOR SALE
1/6
null | 8% Cap Rate

1001-1016 Hampstead Blvd
Clinton, MS 39056


OVERVIEW

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

FOR SALE DETAILS

PRICE

$6,875,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart Shadow Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.55 AC

LAND SF

285,318 SF

ZONING

-

APN/PARCEL ID

2860-0834-995

ASK ABOUT THIS PROPERTY

William DavisMarcus & MillichapMore Info
901-827-8929

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William DavisMarcus & MillichapMore Info
901-827-8929

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.