Dogwood Festival Market, located at 150 Dogwood Blvd, Flowood, MS 39232, presents a unique investment opportunity in a thriving Mississippi market. This premier lifestyle center boasts a substantial 187,000 square feet of retail space, currently occupied by a diverse mix of national tenants including Belk, TJ Maxx, HomeGoods, Boot Barn, and Old Navy. The property's strategic location at the corner of Lakeland Drive and East Metro Parkway ensures high visibility and accessibility, benefiting from a combined daily traffic count of 49,000 vehicles. Its position within the affluent and rapidly expanding suburb of Flowood offers significant growth potential. The center is ideally situated near key amenities, including the Jackson International Airport, two hospitals, and Jackson Preparatory High School, further enhancing its appeal to both shoppers and businesses. Adding to its desirability is the proximity to Waterpointe, a new residential development currently under construction, adding 500 new homes to the immediate area. This property offers a compelling combination of established tenancy, prime location, and strong growth prospects within Rankin County, making it an attractive investment for discerning buyers. The property is classified as Retail, with sub-types including Premiere Lifestyle Center, Restaurant, Fitness, Medical, Office, Service, and Retail, indicating a versatile and adaptable space. Multiple tenants currently occupy the space.
Property Features for 150 Dogwood Blvd
General Information
Property type
Restaurants
Lease Type
Gross Lease
RSF (Rentable sq. ft)
187,000 SF
Unit(s) available at that property
Space
Suite 36
Size
1,200 SF
Space
Suite 24
Size
7,500 SF
Space
Suite 23
Size
7,500 SF
Space
Suite 16
Size
1,600 SF
Space
Suite 8
Size
1,400 SF
HighLights
187,000 square feet of retail space in Flowood, MS.
Located at the high‑traffic intersection of Lakeland Drive and East Metro Parkway (49,000 vehicles daily).
Anchored by national tenants including Belk, TJ Maxx, HomeGoods, Boot Barn, and Old Navy.
Situated in the affluent and rapidly growing Flowood suburb, near Jackson International Airport, hospitals, and Jackson Preparatory High School.
Proximity to the Waterpointe residential development (500+ new homes).
Versatile property with retail, restaurant, fitness, medical, office, and service space.
Restaurant - High-traffic Retail Center in Flowood
Where is this restaurant located?
The property is located at 150 Dogwood Blvd Flowood, MS.
What are key features of this property?
This property features: 187,000 square feet of retail space in Flowood, MS.; Located at the high-traffic intersection of Lakeland Drive and East Metro Parkway (49,000 vehicles daily).; Anchored by national tenants including Belk, TJ Maxx, HomeGoods, Boot Barn, and Old Navy.
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150 Dogwood Blvd Flowood, MS 39232
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Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
150 Dogwood Blvd Flowood, MS 39232
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150 Dogwood Blvd, Flowood, MS
Martin Smith
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150 Dogwood Blvd, Flowood, MS
Martin Smith
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150 Dogwood Blvd, Flowood, MS
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150 Dogwood Blvd, Flowood, MS
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150 Dogwood Blvd, Flowood, MS
Martin Smith
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