1062 Highway 61 Natchez, MS 39120
This exceptional retail investment opportunity presents a 35,838 square foot shopping center situated on 1.5 acres of land in North Tunica, Mississippi. Built in 1974, the property is conveniently located at 1062 Highway 61 N, with cross access via Beat Line Rd, benefiting from high daily traffic counts. The center boasts a prominent anchor tenant, Piggly Wiggly grocery store, further enhancing its appeal and drawing significant customer traffic. Highway 61's impressive AADT of 13,000 vehicles underscores the property's strategic location and visibility. The available spaces offer flexible, open layout floor plans, ideal for a variety of retail uses. Units range from a minimum of 1,450 square feet to a maximum contiguous space of 3,800 square feet, providing options for businesses of various sizes. The property's proximity to the renowned Tunica Resorts & Casinos provides a substantial influx of tourists and residents, creating a robust and consistent customer base for tenants. This well-positioned retail center presents a compelling investment opportunity in a thriving Mississippi market. The property's strong anchor tenant, high traffic counts, and convenient location make it an attractive prospect for both investors and retailers seeking a prime location in the Tunica area. The zip code is 39120.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.