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    OFF-MARKET
    Super regional malls

    175 Grandview Blvd, Madison, MS 39110-6039

    85,526 SF 6.94 ac lot Built 2012
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US50-0818839
    Property summary
    AI-generated overview

    The Forum at Grandview, a prominent 216,144 square foot commercial shopping center in Madison, Mississippi, offers exceptional retail space. Located at 175 Grandview Blvd, 39110, this multi-tenant property boasts high visibility from Interstate 55 and is anchored by major national retailers including Dick's Sporting Goods, Home Goods, Best Buy, Michaels, Petco, and ULTA. The center is situated within a thriving retail corridor, adjacent to Wal-Mart, Sam's Club, Malco Theaters, and Miskelly Furniture, ensuring high foot traffic and brand synergy. Two spaces are currently available, ranging from 1,500 to 139,609 square feet, providing flexibility for various retail concepts. The property sits on a 24.86-acre lot, including approximately 8 acres of developable outparcels, presenting significant expansion opportunities. Madison, MS, exhibits robust growth, with a 2.6% annual rate and the highest average household income in Mississippi at $122,000, making it an attractive market for businesses. This prime retail location offers a unique opportunity to establish or expand a retail presence in a high-demand area. The minimum divisible space is 1,500 square feet, and the total number of suites is 21. Currently, 1,500 square feet of space is vacant.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 2012
    Total area 85,526 SF
    Lot 6.94 ac (302,306 SF)
    APN 072C-07C-002/01
    UPID US50-0818839
    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
    • Michaels Custom Framing (Bike/Boat/Book/etc) Store Home Decor Store
    • Beauty supply Department Store
    • Ulta Beauty Cosmetic Store
    • Mystic Nails Salon & Spa Hair Salon Nail Salon
    • Nothing Bundt Cakes Bakery Specialty Food Shop
    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
    Hendon Fgv Center LLC · 6 yrs held
    Hendon Fgv Center LLC
    since 2019
    1 recorded transaction
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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