22,000 VPD

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22,000 VPD

grenada, MS 38901
Asking Price
$3.00M
Asset Type
Retail
Class
Class B

What's Special

Situated in Grenada, Mississippi, this retail asset occupies a high-visibility position along a primary commercial corridor. The property benefits from a traffic count of approximately 22,000 vehicles per day, providing significant exposure to local and regional commuters. The surrounding neighborhood is characterized by a mix of established national retailers, quick-service restaurants, and essential service providers. It offers efficient access to major regional thoroughfares, connecting the site to the broader Grenada County area and nearby residential pockets. The location is suited for a variety of commercial applications, including traditional soft goods retail, specialty showrooms, or consumer service centers. Given the high daily traffic volume, the site is well-positioned for tenants that prioritize brand visibility and convenient customer ingress. Typical tenant profiles for this corridor include automotive part retailers, discount variety stores, and medical or professional service providers seeking a accessible storefront. The property's physical layout supports high-turnover retail operations requiring consistent logistical access and prominent signage opportunity.

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

Location & Travel Times