Retail Space with Corporate
For Sale
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1008 S State St, Clarksdale, MS 38614
Retail space with a corporate T-Mobile lease in Clarksdale.
Property Size2,462 SF
Price / SF$467.10
Days on Market173
Property Features for 1008 S State St
General Information
Standard status
Active
Size
2,462 SF
Property subtype
Retail
Zoning
C-2
Building Details
Year Built
2006
Listing Agency:
Matthews
Listed By:
Brett Baumgartner · License #TX 701324
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 2 at 4:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This retail space is located along South State Street, the primary commercial corridor in Clarksdale, and is an outparcel to a high-performing Walmart Supercenter. The property benefits from a population base of approximately 14,844 residents within a 5-mile radius. It has strong connectivity via U.S. Route 61 and U.S. Route 49, with Clarksdale located approximately 75 miles south of Memphis. The property is under a corporate lease with T-Mobile, with over six years remaining on a 10-year absolute NNN lease. T-Mobile is a national wireless carrier serving approximately 139.9 million customers as of Q3 2025, operating over 6,200 retail locations nationwide. The property was fully retrofitted in 2021 to meet T-Mobile’s current specifications. The lease includes a 10% rent escalation in 2027. The surrounding area includes nationally recognized tenants such as Walmart, McDonald’s, Kroger, AutoZone, O’Reilly Auto Parts, Dollar Tree, Murphy USA, Popeyes, Taco Bell, and Hibbett Sports. T-Mobile reported $81.40 billion in total revenue for FY 2024.
Key Highlights
- Long‑Term Corporate Lease: Over six years remaining on an absolute NNN lease with T‑Mobile.
- Prime Retail Location: Strategically positioned on South State Street, a primary commercial corridor, as an outparcel to a high‑performing Walmart Supercenter.
- Strong Tenant: T‑Mobile, a leading national wireless carrier with impressive financial performance.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 38614, MS
16,970
Population
7,793
Households
2.2
Avg Household Size
36
Median Age
19%
College-Educated
82%
High-School Grad
242.7 sq mi
ZIP Area
70
Density / Sq Mi
$36,273
Median Household Income
$27,059
Median Earnings
$762
Median Rent
$91,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with a corporate T-Mobile lease in Clarksdale.
Where is this retail space located?
The property is located at 1008 S State St Clarksdale, MS.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Long‑Term Corporate Lease: Over six years remaining on an absolute NNN lease with T‑Mobile.; Prime Retail Location: Strategically positioned on South State Street, a primary commercial corridor, as an outparcel to a high‑performing Walmart Supercenter.; Strong Tenant: T‑Mobile, a leading national wireless carrier with impressive financial performance.
