$1 Auction – Southgate Shopping Center | 102,765 SF | 16K VPD

Highlights:

• ±102,765 Square Foot Neighborhood Retail Center with Significant Value-Add through Lease-Up
• Neighboring National Tenants: Food Depot, City Gear, Family Dollar, Advance Auto Parts, Pizza Hut, O’Reilly Auto Parts, Sherwin Williams, and Many Others
• Strategically Located Just Off I-55 (±49K VPD) with 15,037 Vehicles Passing Site Daily and Nearby Signalized Intersection of Terry Road and McDowell Road Having ±29,251 VPD
• Recent Capital Improvements include 2023 HVAC, Electrical/LED Lighting to 30k SF Vacant Unit and $320K in Other Improvements (HVAC Repairs, Relocation of Gas Line, Drainage Project, and New HVAC)
• Dense Demographics with ±83,706 Individuals with an Average Household Income of ±$48,172 in a 5-Mile Radius
• Absolute $1 Auction - NO RESERVE

Description:

Ri Marketplace Online Auction April 13th-15th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3078/retail/jackson/ms?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_3078

Marcus & Millichap is pleased to present Southgate Shopping Center (the “Property”), a ±102,765 square foot neighborhood retail center located at 2885 Terry Road in Jackson, Mississippi. Currently vacant, Southgate Shopping Center presents an investor with the perfect value-add opportunity to tap into an established trade area with multiple upside scenarios.

Built in 1975, this multi-tenant asset is comprised of a single-story building containing a total of ±102,765 square feet positioned on one parcel totaling ±10.80 acres with over 350 parking spaces. The Property has seven retail units ranging in size from 1,400 square feet to 54,000 square feet and space that could be demised into additional retail units. Neighboring retailers include Family Dollar, Advance Auto Parts, Bank Plus, O’Reilly Auto Parts, Pizza Hut, Sherwin Williams, Metro, Church’s, and more. In addition to the prominence of the national, regional, and local commercial neighbors, the property is well situated a half-mile from I-55 providing direct access to downtown Jackson and the State Capitol.

The Property is ideally positioned with access and visibility along Terry Road with traffic counts of 15,037 vehicles per day and near the signalized intersection at McDowell Road with an additional 14,214 vehicles per day. The Property benefits from a dense trade area with ±83,706 people and an average household income of ±$48,172 within a 5-mile radius.


The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

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