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    FOR LEASE
    Super regional malls

    123 Grandview Blvd, Madison, MS 39110

    43,139 SF 5.97 ac lot Built 2005
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US50-0669767
    123 Grandview Blvd, Madison, MS 39110 For Lease
    $18 SF/Yr 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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • OEC Japanese Express Restaurant
    • Karibé Mexican Grill Restaurant
    • Little Caesars Pizza Restaurant
    • Shoe Dept. Clothing & Fashion Store (Bike/Boat/Book/etc) Store
    • Traditions Wine & Spirits Specialty Food Shop Wine and Liquor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Grandview Realty Group LLC · 2 yrs held
    Grandview Realty Group LLC
    since 2024
    7 recorded transactions
    2024
    2018
    $6.0M
    2017
    $6.0M
    2006
    2004
    2004
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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