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98 E Main St, Senatobia, MS, 38668

Senatobia Shops
$1,236,766

Key Information

Cap Rate
8.85%
$ per SF
$80
Units
9
Year Built
1970/2019
Type
Shopping Centers
Occupancy
100%
NOI
$109,488
Leasable Area
15,300

Highlights

  • Tenant Stability – Long-term leases in place, with several tenants showing years of commitment to the site, ensuring stable cash flow.
  • Rent Growth – Majority of the tenants are paying below market rent, presenting an opportunity for future rent growth.
  • Strip Center Intrinsics – Senatobia Shops embodies the low risk associated with smaller, leasable tenant spaces.
  • E-Commerce Resilience – Tenancy profile is service-oriented, offering resistance to online retail disruption.
  • Attractive retail Design – Features prominent signage, ample parking, and high visibility, ideal for tenant success and consumer convenience.
  • High Yield – High yield investment that rarely comes available.
  • Value-Add Opportunity – The ability for investors to transition leases from Gross to NNN in the near term to mitigate risk and hedge against inflationary pressures.
  • Recent Replaced Roof: The roof was fully replaced in 2018 which included a 20 year warranty.

Photos

Location

Agents

Broker of Record

Phillip Carpenter

License # C-11708 (MS)
Matthews Real Estate Investment Services, Inc
1437 Old Square Road, Suite 104 Jackson, MS 39211