1157 Casino Ctr Dr Tunica Resorts, MS 38664
- Lifestyle centers
- 14,300 SF
- 3.29 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1157 Casino Ctr Dr
- Year built
- 1999
- Lot size
- 3.29 lot acres
- Property size
- 14,300 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 14,300 square foot, single-story shopping center in Tunica Resorts, MS, presents a compelling value-add investment opportunity. Located at 1157 Casino Center Dr, 38664, this property boasts a prime location at the entrance to five heavily trafficked casinos, benefiting from the significant $450 million investment in the Gold Strike Casino in 2023. Currently featuring three tenants across five units with 50% occupancy and a remaining lease term of 2.3 years, the center offers substantial potential for increased cash flow through lease-up of the vacant space. Built in 1999, the 1-building property sits on a 3.29-acre lot and offers a mix of retail, office, and potential restaurant/flex spaces. The property is in good condition and has been well-maintained by the seller. Its proximity to major highways, national retailers (Dollar Tree, Family Dollar, AutoZone), and a 300-unit apartment complex further enhances its appeal. The asking price is $750,000, translating to $52.45 per square foot. The current Net Operating Income (NOI) is $15,530. Abundant parking is available. This is an ideal opportunity for owner-users or investors seeking to capitalize on the thriving gaming industry and underserved retail market in the area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tunica Resorts
- County
- Tunica
- State
- Mississippi
- Longitude
- -90.2807
- Latitude
- 34.8296
