710 Davis AveCleveland, MS 38732

Property Details for 710 Davis Ave

Lot size

3.30 AC

Property type

Retail space

APN

33-16-900-00-03507-

APU

33169000003507

Description

Eagle Plaza, a thriving 28,240-square-foot shopping center in Cleveland, Mississippi, presents a compelling investment opportunity. This multi-tenant retail property boasts 100% occupancy with eight tenants, including Dollar Tree and CATO, a mix of national and local retailers. The center benefits from a strong location on North Davis Avenue, parallel to US Route 278, experiencing traffic counts exceeding 22,759 vehicles daily. Shadow-anchored by a high-traffic Walmart Supercenter (ranking in the 77th percentile nationally for annual visitors), Eagle Plaza enjoys significant visibility and customer traffic. Built in 2006, the property features ample paved parking and a double-sided monument sign. The asking price is $3,770,000, representing $133.50 per square foot, with a strong 8.00% cap rate and a Net Operating Income (NOI) of $301,612. 94% of the gross leasable area is under triple-net leases, providing long-term stability. The property sits on a 0.86-acre parcel in a prime retail corridor, surrounded by other national and regional retailers, hotels, and a population exceeding 24,000 within a 10-mile radius. This well-positioned center offers a stable income stream and significant growth potential. The property's location in Cleveland, Bolivar County, Mississippi, provides easy access to US Route 278 (Blues Highway) and is approximately 19 miles southeast of Rosedale and the Mississippi River. This is a rare opportunity to acquire a high-performing retail asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $30,446,358

  6.5%

  $28,104,330

  7%

  $26,096,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,008,524

  Geo Method

  $28,240,618

• Alternative Use

  Use

  Valuation

  Residential

  $23,707,054

  Hospitality

  $21,715,534

  Educational

  $18,067,070

  Medical

  $18,688,424

  Retail

  $28,104,330

Location Insight

City

Cleveland

County

Bolivar

State

Mississippi

Latitude

33.7555

Longitude

-90.7137

CBSA code

17380

CBSA name

CLEVELAND, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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