Retail | 97% Occupied | 62% Nationals | Double Digit Cap Rate | 18 VPD | $402K NOI

Highlights:

• 97.7% Occupied Income-Producing Retail: ±60,638 SF center generated approximately $402K YE 2025 NOI with just ±1,400 SF currently vacant.
• Established Long-Term Tenant Roster: Family Dollar, Rainbow, Sunnybrook Dentistry, and It’s Fashion Metro occupy ±62% of GLA.
• Multiple Paths to Incremental NOI Growth: Lease-up, contractual increases, renewals, and future mark-to-market opportunities support upside.
• Potential Outparcel Development Opportunity: Northeast corner may support future pad development, subject to lease restrictions and approvals.
• Commercial with Frontage on 3 Major Roads: ±18,200 VPD passing property, with I-55 (±90K VPD) approximately 1.5 miles away.
• Dense Five-Mile Jackson Consumer Base: ±94,879 residents with $71,541 average household income support surrounding retail demand.

Description:

For more information visit:
https://rimarketplace.com/auction/3405/retail/jackson/ms?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=november4_2026&utm_content=retail_3405

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Northwood Shopping Center is a ±60,638-square-foot neighborhood retail center located at 4180 Northview Drive and 4409-4487 North State Street in Jackson, Mississippi. The Property is ±97.69% occupied and generated approximately $402,000 in YE 2025 NOI, supported by a diversified tenant roster led by It’s Fashion Metro, Family Dollar, Sunnybrook Dentistry, and Rainbow. Situated on ±4.44 acres, the center includes 296 surface parking spaces, multiple access points, prominent signage, a ±1,400-square-foot vacancy, and potential outparcel development. Additional upside exists through lease-up, contractual rent increases, tenant renewals, and future mark-to-market opportunities. Approximately $321,000 of capital expenditures were completed from 2022 through June 2026 across exterior improvements, parking, roofing, plumbing, and building systems. Zoned C-3 General Commercial, the Property fronts N State Street with traffic of ±11,000 VPD and sits approximately 1.5 miles from I-55, providing convenient access throughout the Jackson MSA.

Location
Jackson is Mississippi’s state capital and a major regional center for government, healthcare, education, retail, and professional services. Northwood Shopping Center is positioned ±1.5 miles from I-55 and approximately four miles from Downtown Jackson, with convenient access to UMMC, Jackson State University, established neighborhoods, and regional employment centers.


Bidding Opens
Nov 03 1:00 AM
Bidding Closes
Nov 05 1:00 AM

Documents: