966 Brookway Blvd Brookhaven, MS 39601-2644
Property profile & analytics
966 Brookway Blvd Brookhaven, MS 39601-2644
- Retail space
- 32,537 SF
Property ID
US50-1692398
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Cato Fashions / Clothing & Fashion Store
Property Details for 966 Brookway Blvd
- Year built
- 1987
- Construction
- WOOD
- Property size
- 32,537 SF
- Property type
- Retail space
- APN
- B77-14 -1 -016.
- APU
- B77141016
Description
This 43,094 square foot shopping center in Brookhaven, Mississippi, presents a compelling investment opportunity. Located on Brookway Boulevard, a major retail corridor with high traffic volume (25,000+ VPD), the property benefits from its proximity to a high-performing Walmart Supercenter (92nd percentile foot traffic). The center boasts a strong tenant lineup including national brands like Harbor Freight, Cato, and It's Fashion, many with long-term leases (Cato and It's Fashion since 1987 and 2002 respectively). Harbor Freight's lease has five years remaining on the initial term with rent bumps throughout three 5-year options. The property features a Net Lease (NNN) structure, offering a stabilized income stream with a current NOI of $321,318 and an 8.00% cap rate. Recent capital improvements include parking lot repairs, roof repairs, and facade upgrades. An upcoming lease expiration provides a value-add opportunity, with potential for conversion to a NNN lease structure for over 8,000 square feet. The property sits on a 6-acre lot and was built in 1987. The strong tenant mix, high traffic location, and recent improvements make this a desirable investment in a growing Mississippi market with easy access to I-55. The asking price is $4,015,000, representing a price per square foot of $93.17. The property's location near other national retailers and restaurants further enhances its appeal. The 2.59 million annual visits to the adjacent Walmart generate significant cross-selling opportunities for tenants.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Brookhaven
- County
- Lincoln
- State
- Mississippi
- Longitude
- -90.4701
- Latitude
- 31.5805
- CBSA code
- 15020
- CBSA name
- BROOKHAVEN, MS MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$61,045
$0.00
$0.00
$418,602
-
$808,040
$1,982,640
$2,790,680
