Auction - Retail | 97% Occupied | 62% Nationals |… — Sale in Jackson, MS
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Jackson, MS 39206
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Description
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3405/retail/jackson/ms Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Northwood Shopping Center is a ±60,638-square-foot neighborhood retail center located at 4180 Northview Drive and 4409-4487 North State Street in Jackson, Mississippi. The Property is ±97.69% occupied and generated approximately $402,000 in YE 2025 NOI, supported by a diversified tenant roster led by It’s Fashion Metro, Family Dollar, Sunnybrook Dentistry, and Rainbow. Situated on ±4.44 acres, the center includes 296 surface parking spaces, multiple access points, prominent signage, a ±1,400-square-foot vacancy, and potential outparcel development. Additional upside exists through lease-up, contractual rent increases, tenant renewals, and future mark-to-market opportunities. Approximately $321,000 of capital expenditures were completed from 2022 through June 2026 across exterior improvements, parking, roofing, plumbing, and building systems. Zoned C-3 General Commercial, the Property fronts N State Street with traffic of ±11,000 VPD and sits approximately 1.5 miles from I-55, providing convenient access throughout the Jackson MSA. Investment Highlights: • STARTING BID $850,000 | 97% Occupied | 62% Nationals | Double Digit Cap Rate | 18 VPD | $402K NOI | AUCTION NOVEMBER 2-4 • 97.7% Occupied Income-Producing Retail - ±60,638 SF center generated approximately $402K YE 2025 NOI with just ±1,400 SF currently vacant. • Established Long-Term Tenant Roste - Family Dollar, Rainbow, Sunnybrook Dentistry, and It's Fashion Metro occupy ±62% of GLA. • Multiple Paths to Incremental NOI Growth - Lease-up, contractual increases, renewals, and future mark-to-market opportunities support upside. • Potential Outparcel Development Opportunity - Northeast corner may support future pad development, subject to lease restrictions and approvals. • Commercial with Frontage on 3 Major
Market Context
This retail in Jackson, MS is listed for sale. Compare it against other retail listings for sale in Jackson, MS — view the full market.
Contact
- Philip Kates · (954) 245-3408 · philip.kates@marcusmillichap.com
- Adam Sklaver · (954) 245-3422 · adam.sklaver@marcusmillichap.com
- Mickey Davis · (901) 620-3600
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