966 Brookway BlvdBrookhaven, MS 39601

Property Details for 966 Brookway Blvd

Year built

1987

Construction

WOOD

Property size (Sq ft)

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.

Location Insight

City

Brookhaven

County

Lincoln

State

Mississippi

Latitude

31.5805

Longitude

-90.4701

CBSA code

15020

CBSA name

BROOKHAVEN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].