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98-110 E Main St
Senatobia, MS 38668

$1,236,766 USD

Storefront For Sale  •  16,174 SF

Property Details

  • Property Type Storefront
  • Total Building Size 15,300 SF
  • Lot Size 0.72 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 8.85 %
  • Tenancy Multiple
0 Transit Score
50 Walk Score

Highlights

Tenant Stability – Long-term leases in place, with several tenants showing years of commitment to the site, ensuring stable cash flow.
Rent Growth – Majority of the tenants are paying below market rent, presenting an opportunity for future rent growth.
Strip Center Intrinsics – Senatobia Shops embodies the low risk associated with smaller, leasable tenant spaces.
E-Commerce Resilience – Tenancy profile is service-oriented, offering resistance to online retail disruption.
Attractive retail Design – Features prominent signage, ample parking, and high visibility, ideal for tenant success and consumer convenience.
High Yield – High yield investment that rarely comes available.
Cap Rate: 8.85 %

Major Tenants

Tenant SF Occupied Lease End Date
Cathey Enterprises
Dr. Glenn Goldring
Fidelity National Loans
Michael T. Williams Tax Office
Pro Nails
Sam's Cell Phone & Accessories
Shelter Insurance
Smoker Friendly
Tobacco Superstore
Vapor Superstore

Amenities

  • Pylon Sign
  • Signage

Public Transportation

AirportDriveWalkDistance
Memphis International 40 min - 32.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
Robert Tate 866-889-0550 Matthews Real Estate Investment Services
Robert Tate 866-889-0550 Matthews Real Estate Investment Services