1157 Casino Ctr DrTunica Resorts, MS 38664

Property Details for 1157 Casino Ctr Dr

Year built

1999

Lot size

3.29 AC

Property size (Sq ft)

14,300 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 14,300 square foot, single-story shopping center in Tunica Resorts, MS, presents a compelling value-add investment opportunity. Located at 1157 Casino Center Dr, 38664, this property boasts a prime location at the entrance to five heavily trafficked casinos, benefiting from the significant $450 million investment in the Gold Strike Casino in 2023. Currently featuring three tenants across five units with 50% occupancy and a remaining lease term of 2.3 years, the center offers substantial potential for increased cash flow through lease-up of the vacant space. Built in 1999, the 1-building property sits on a 3.29-acre lot and offers a mix of retail, office, and potential restaurant/flex spaces. The property is in good condition and has been well-maintained by the seller. Its proximity to major highways, national retailers (Dollar Tree, Family Dollar, AutoZone), and a 300-unit apartment complex further enhances its appeal. The asking price is $750,000, translating to $52.45 per square foot. The current Net Operating Income (NOI) is $15,530. Abundant parking is available. This is an ideal opportunity for owner-users or investors seeking to capitalize on the thriving gaming industry and underserved retail market in the area.

Location Insight

City

Tunica Resorts

County

Tunica

State

Mississippi

Latitude

34.8296

Longitude

-90.2807

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