422 Riverwind Dr Pearl, MS 39208-5900
This exceptional retail property, located at 422 Riverwind Dr, Pearl, MS 39208, presents a compelling investment opportunity. The 33,610 square foot building, constructed in 2000 and renovated in 2022, sits on a 3.1-acre lot and boasts a prime location with excellent visibility from Interstate 20, near the Pearson Road interchange. Currently housing four tenants, including Launch Trampoline (vacating upon sale), C Spire Wireless, Rockin’ Nutrition, and High Cotton Wellness, the property offers a unique blend of existing income and redevelopment potential. The three remaining tenants occupy approximately 6,000 square feet and generate a combined gross monthly rent of just under $11,000. The building's strategic location benefits from proximity to major retailers such as Bass Pro Shops, Sam's Club, and Cinemark Tinseltown, as well as numerous hotels and restaurants. This presents a strong owner-user opportunity for a business requiring approximately 26,621 square feet, or an investor can capitalize on the existing tenants and lease the vacant space to a new tenant. The property is zoned for commercial use and features a single-story building with a gross lease type and multi-tenancy structure. The current occupancy rate is 20%. This is a rare chance to acquire a well-situated retail property with significant upside potential in a thriving Mississippi market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.