Retail Space with Corporate
1008 S State St, Clarksdale, MS 38614
Retail space with a corporate T-Mobile lease in Clarksdale.
Type:Retail
Property size:
2,462 SFPrice / SF:
$467/SF- Added:
- Feb 24, 2026
- Days on Market:
- 78
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1008 S State St
General Information
- Standard status
- Active
- Size
- 2,462 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing agent Brett Baumgartner License #TX 701324
Listing office Matthews
Listing date Feb 24, 2026
Source Crexi
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
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.
- Scheduled Rent Increase: Includes a 10% rent escalation in 2027, increasing the cap rate to 8.00%.
- Recent Retrofit: Fully retrofitted in 2021 to meet T‑Mobile's specifications.
- Established Retail Trade Area: Surrounded by nationally recognized tenants, reinforcing long‑term retail demand.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Body A’mour
Clothing & Fashion Store
T-Mobile
Mobile Phone Store
Location Insight
- Map
- Local Demand
- City
- Clarksdale
- County
- Coahoma
- State
- Mississippi
- Longitude
- -90.561671
- Latitude
- 34.195035
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FAQs
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.
