3111 Us-80 Pearl, MS 39208
- Lifestyle centers
- 57,566 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 3111 Us-80
- Property size
- 57,566 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents Pearl Marketplace, a 57,566 square foot shopping center located at 3111 US-80 in Pearl, Mississippi (zip code 39208). Currently boasting 100% occupancy, the center is anchored by a strong mix of national and regional tenants including Dollar Tree, Save-A-Lot, and Dirt Cheap, ensuring consistent cash flow. The property offers a compelling value proposition with an asking price of $2,680,000, translating to a price per square foot of $46.56 and a projected cap rate of 9.00%. The strategic location along a primary retail corridor with a daily traffic count exceeding 20,000 vehicles provides exceptional visibility and accessibility. Furthermore, the surrounding 5-mile radius demonstrates a robust demographic profile, with a population exceeding 54,000 and average household incomes over $72,000. An attractive feature of this offering is the potential for loan assumption at a below-market interest rate of 6.00%, significantly reducing acquisition costs. This well-positioned, fully leased shopping center represents a rare opportunity for investors seeking a stable, high-performing asset in a thriving Mississippi market. The property's strong tenant mix, high occupancy rate, and favorable financial metrics make it an ideal addition to any diversified portfolio.
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
- Pearl
- County
- Rankin
- State
- Mississippi
- Longitude
- -90.1175
- Latitude
- 32.2811
