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

Starting Bid: $850,000

Auctioneer: Jeff Martin

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: MSAL 1255 

• 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.

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.