Property profile

123 Grandview Blvd Madison, MS 39110

FOR LEASE
Super regional malls
Property ID
US50-0669767
43,139 SF 5.97 ac lot Built 2005
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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123 Grandview Blvd, Madison, MS 39110 For Lease
Contact for pricing 4,250 SF available
123 Grandview Blvd, Madison, MS 39110
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Property summary

AI-generated overview

This exceptional retail space, totaling 4,250 square feet, is situated within The Boulevard Shoppes, a thriving Walmart-anchored shopping center in Madison, MS. Built in 2005 and renovated in 2021, this single-story, 41,000 square foot building boasts 12 suites and sits on a 6-acre lot at the high-traffic intersection of Main Street and Grandview Boulevard, conveniently located off Interstate 55. The space, previously a fitness center, offers flexible layout options, including several large rooms and two restrooms with showers, easily adaptable for various retail uses. The property benefits from strong co-tenancy with national retailers such as Walmart, Cato, Shoe Show, Dollar Tree, Sally Beauty, and GameStop, as well as a variety of successful local businesses including restaurants and service providers. The minimum divisible space is 1,500 square feet, with a maximum contiguous space of 4,250 square feet, making it ideal for a range of retail concepts. The property is zoned commercial and located in a rapidly growing and affluent area of Madison, Mississippi. This prime location and established center offer an unparalleled opportunity for businesses seeking high visibility and strong foot traffic. The property's recent renovation ensures modern amenities and a move-in ready condition.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2005
Total area 43,139 SF
Lot 5.97 ac (260,053 SF)
APN 072C-07B-004/02.02
UPID US50-0669767

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Restaurant
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Specialty Food Shop Wine and Liquor Store

Location

123 Grandview Blvd Madison, MS 39110
Madison metro Census 30203 JACKSON, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$875k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2018
$6.0M
2017
$6.0M
2006
Price N/A
2004
Price N/A
2004
Price N/A
2004
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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