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Marcus & Millichap Sells Walmart-Anchored Retail Centers In Spring Lake NC And Jackson MS For $6.8M
SOLD
$6,800,000
Mississippi
See Similar DealsMultiFamily106,000 SF
Sold 06/25/2025
SOLD
Marcus & Millichap Sells Walmart-Anchored Retail Centers In Spring Lake NC And Jackson MS For $6.8M
4882 4898 Mississippi Highway 18 & 630 Lillington Highway
See Similar DealsMultiFamily106,000 SF
Sold 06/25/2025
Summary
MISSISSIPPI
Asset Type:MultiFamily
Price Per Square Foot:$64
Total Square Footage:106,000 SF
Transaction Type:Sale
The transaction involved the sale of two Walmart-anchored retail centers with a total area of 53,000 square feet, located at 4882-4898 Mississippi Highway 18 & 630 Lillington Highway, in the markets of Jackson, MS and Spring Lake, NC. The centers were sold for $6,800,000, providing a price per square foot of $128.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,800,000
- Square Footage: 53,000
- Address: 4882-4898 Mississippi Highway 18 & 630 Lillington Highway
- Market: Jackson, MS & Spring Lake, NC
- Leasing Rates: 85%
- Major Tenants: Dollar Tree, Humana, AT&T
- Brokers: Zach Taylor & Eric Abbott - Marcus & Millichap
Marcus & Millichap facilitated the transaction, representing a private real estate firm that sold the properties to a 1031 exchange investor. The involvement of Zach Taylor and Eric Abbott highlights the brokerage's role in managing the sale process.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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