Retail Space For
For Sale
Contact for pricing
102 Clinton Center Dr, Clinton, MS 39056
Retail space available for purchase with high traffic counts.
Property Size5,383 SF
Price / SF$222.92
Days on Market1096
Property Features for 102 Clinton Center Dr
General Information
Standard status
Active
Size
5,383 SF
Property subtype
Retail
Zoning
C-2
Listing Agency:
CBRE - Jackson
(601) 899-2801
Listed By:
Grant Ridgway · License #MS 19145
Source:
Crexi
Added: Aug 23, 2023
Changed: Aug 21
Last Checked: Aug 21 at 10:35AM
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 CBRE - Jackson
Investment Insights
Based on property information with market context.
This retail space, encompassing 5,383 square feet, is available for purchase. The property benefits from its location, which sees a high volume of traffic. Springridge Road experiences an Average Annual Daily Traffic (AADT) count of 20,000, while Interstate-20 registers 41,000 AADT. The property is located 0.6 miles south of Mississippi College campus. The surrounding area has a 3-mile population of 26,510, with an average household income of $78,347 within the same radius. All furniture, fixtures, and equipment (FF&E) are available for purchase.
Key Highlights
- High Traffic Counts: Springridge Road (20,000 AADT) and Interstate‑20 (41,000 AADT)
- Proximity to Mississippi College: Located 0.6 mile south of campus
- Strong Demographics: 3‑Mile Population of 26,510 with $78,347 Average Household Income
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,695
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$813,900
$813.9K
Cap Rate 7%
$581,357
$581.4K
Cap Rate 9%
$452,167
$452.2K
Market Conditions
NOI Build-Up for 5,383 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.6K $12.00/SF
− Vacancy
−$6.5K −$1.20/SF
EGI
$58.1K $10.80/SF
− OpEx
−$17.4K −$3.24/SF
NOI
$40.7K $7.56/SF
Area
Hinds County, MS
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$813,900
Cap Rate 7%
$581,357
Cap Rate 9%
$452,167
Alternative Uses
Best Use
Retail
$581.4K
$508.7K – $678.3K
NOI $40,695 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$36.57M
$32.00M – $42.66M
NOI $2,559,712 @ 7.0% cap · market cap 213.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 39056, MS
27,346
Population
11,334
Households
2.4
Avg Household Size
38
Median Age
48%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
505
Density / Sq Mi
$71,864
Median Household Income
$46,577
Median Earnings
$1,135
Median Rent
$220,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase with high traffic counts.
Where is this retail space located?
The property is located at 102 Clinton Center Dr Clinton, MS.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High Traffic Counts: Springridge Road (20,000 AADT) and Interstate‑20 (41,000 AADT); Proximity to Mississippi College: Located 0.6 mile south of campus; Strong Demographics: 3‑Mile Population of 26,510 with $78,347 Average Household Income
