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1951 Main St
Madison, MS 39110

Academy Sports + Outdoors · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
64,331 SF
Building Class
B
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
7.13 AC
Parking
239 Spaces (3.72 Spaces per 1,000 SF Leased)

About 1951 Main St , Madison, MS 39110

The subject property is centrally located with excellent access and visibility near the signalized intersection of Crawford Boulevard and Main Street/Highway 143 (18,000 AADT), near the junction of Main Street/Highway 143 and Interstate 55 (70,000 AADT) . The property also benefits from the recent $2 million expansion project of Crawford Boulevard adjacent to the site. The site benefits from strong, affluent demographics with a population of 67,694 within a five mile radius and an annual rate since 2010 of 2.02% and an anticipated growth rate of 10.5% within a mile’s radius by 2020. Average household income within 3 miles of the site exceeds $115,400, more than three times the median household income for Mississippi. Median home value within five miles of the site is $235,939, nearly twice the median home value for the state as a whole. The city has benefited from strong retail occupancy rates, with no big box vacancy in the Madison area. The subject property is situated within a growing shopping center slated to include more than 120,000 square feet of additional junior box and shops tenants, as well as two hotel users. In addition, the site is adjacent to a shopping center anchored by Lowe’s Home Improvement and Office Depot, with additional tenants including Applebee’s, FedEx Office, Citizen’s National Bank, Chili’s, Chick-Fil-A, and more. The site additionally neighbors a large shopping center with tenants including Walmart Supercenter, Dick’s Sporting Goods, Stein Mart, Best Buy, Michaels , HomeGoods, Ulta, Petco, Dollar Tree, Sam’s Club, Verizon, Taco Bell, and more. Other major retail tenants neighboring the site include Kroger, CVS, Walgreens, McAlister’s Deli, Popeye’s, McDonalds, and more. There is zero vacancy in the big box retail category in the Madison market and high average household incomes support substantial retail spending within the trade area. The adjacent Hobby Lobby property is also available for sale. This property is listed in conjunction with Mississippi-licensed real estate broker Beau Box.

  • Listing ID: 12116639

  • Date on Market: 4/2/2018

  • Last Updated:

  • Address: 1951 Main St, Madison, MS 39110

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