2230 Rabbit DrTupelo, MS 38801

Property Details for 2230 Rabbit Dr

Year built

2003

Lot size

5.30 AC

Property size (Sq ft)

38,690 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

077P-35-015-01

APU

077P3501501

Description

Tupelo Market offers exceptional retail leasing opportunities in a vibrant Lee County, MS location. This 35,657 square foot Class B strip center, built in 2003, benefits from a prime location shadow-anchored by a Walmart, ensuring high consumer traffic. The 5.3-acre property boasts ample parking and prominent pylon signage along Main Street, enjoying visibility to over 22,000 vehicles daily. The center features a mix of endcap and in-line spaces, ideal for a variety of retail businesses seeking high visibility and strong foot traffic. Multiple tenancy options are available, providing flexibility for businesses of different sizes and needs. The property's strategic location and Walmart proximity create a compelling investment opportunity for businesses seeking to capitalize on a well-established retail corridor. Its 2003 construction offers a relatively modern building structure, minimizing immediate capital expenditure needs. The substantial lot size provides ample room for expansion or future development, adding to the property's long-term value. This is a rare opportunity to secure a space in a thriving retail environment with exceptional visibility and access to a large consumer base. Interested parties are encouraged to inquire about available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $8,993,480

  6.5%

  $8,301,674

  7%

  $7,708,697

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,096,790

  Geo Method

  $19,018,116

• Alternative Use

  Use

  Valuation

  Residential

  $7,002,772

  Hospitality

  $6,414,502

  Educational

  $5,336,790

  Medical

  $5,520,330

  Retail

  $8,301,674

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.2574

Longitude

-88.739

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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