Listing Agency: Marcus & Millichap - Memphis

Listed By: William Davis · License #MS B-15586

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 1:09AM

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Investment Insights

Based on property information with market context.

The Kroger Shadow Shopping Center is a retail-focused commercial property offering 14,700 SF of space. The offering carries an 8.00% CAP rate and is structured for sale.

The property is located at 2340 Mt Pleasant Rd in Hernando, Mississippi, within DeSoto County. Its shopping center format and retail classification support consideration by commercial buyers evaluating an established retail asset.

Key Highlights

• 14,700 SF retail shopping center
• 8.00% CAP rate
• Located at 2340 Mt Pleasant Rd, Hernando, MS 38632

Property Analytics

Property Profile

Current Use

Mi Pueblo Restaurant

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Electrical Service Furniture & Home Goods HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

694

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 38632, MS

29,210

Population

12,073

Households

2.4

Avg Household Size

39

Median Age

36%

College-Educated

92%

High-School Grad

162.3 sq mi

ZIP Area

180

Density / Sq Mi

$90,277

Median Household Income

$53,275

Median Earnings

$1,203

Median Rent

$287,100

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail-oriented shopping center available for sale in Hernando.

Where is this shopping center located?

The property is located at 2340 Mt Pleasant Rd Hernando, MS.

What are key features of this property?

This property features: 14,700 SF retail shopping center; 8.00% CAP rate; Located at 2340 Mt Pleasant Rd, Hernando, MS 38632