515 Town Center Blvd - Storefront FOR SALE


Byram, MS 39272
$2,944,510 USD
865-567-1997
515 Town Center Blvd, Byram, MS for Sale
$2,944,510 USD
Storefront - FOR SALE
1/1
null | 7.25% Cap Rate

515 Town Center Blvd
Byram, MS 39272


HIGHLIGHTS

  • Fully stabilized essential-retail center featuring national tenants with long-term operating histories
  • Surrounded by top-performing QSR and daily-needs retailers that drive consistent customer traffic
  • Strong household income levels in the immediate trade area supporting durable retail performance
  • Dollar Tree extension through 2031 reinforces tenant commitment and long-term income security

OVERVIEW

Byram Town Center is a fully occupied, best-in-class neighborhood retail center positioned within the growing Jackson MSA. Built in 2016, the property showcases pride-of-ownership architecture and durable construction, giving investors long-term confidence in building systems and capital needs. The center benefits from a strong tenant mix anchored by Dollar Tree, which occupies the majority of the GLA and has already exercised its early extension through 2031, signaling an ongoing commitment to the location. Additional tenants include AT&T, Diva Nail Spa, and China Kitchen, each contributing to stable retail traffic and everyday needs-based demand. Situated just 10 miles south of Jackson, Byram is a community with rising incomes and consistent population growth. Within a 3-mile radius, average household income exceeds $89,000, supporting robust retail spending. The property is surrounded by high-performing national brands including Raising Cane’s, Chick-fil-A, Starbucks, Newk’s Eatery, and McAlister’s Deli, creating a strong commercial corridor and reinforcing long-term leasing velocity. The center’s 100 percent occupancy and NNN lease structure support predictable income and minimal landlord responsibility. Financially, the investment offers a stable NOI of approximately $213,477 and a market-competitive cap rate of 7.25 percent at the offering price of $2,944,510. Solid recoveries, consistent rental revenue growth, and a diversified rent roll provide durable income throughout the hold period. With only four tenants and no near-term rollover on major spaces, the property allows an incoming investor to benefit from reliable cash flow with limited operational complexity. The combination of a high-quality retail environment, strong demographic fundamentals, and creditworthy tenancy positions Byram Town Center as an appealing, low-maintenance investment opportunity.

FOR SALE DETAILS

PRICE

$2,944,510 USD

PRICE/SF

$196 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.52 AC

LAND SF

196,893 SF

ZONING

GC

APN/PARCEL ID

4851-0269-032

ASK ABOUT THIS PROPERTY

Ben SullivanMarket Street Retail AdvisorsMore Info
865-567-1997

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Ben SullivanMarket Street Retail AdvisorsMore Info
865-567-1997

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