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2514 Riverbirch Dr, Meridian, MS, 39307

Riverbirch Center

$2,440,000

Key Information

Cap Rate
8%
$ per SF
$119
Tot. SF
20,577
Units
10
Year Built
2008
Type
Shopping Centers
Occupancy
100%
NOI
$195,357

Highlights

• Walmart shadow-anchored neighborhood retail center strategically positioned in Meridian, Mississippi, benefiting from strong daily traffic drivers and established consumer demand.
• 100% occupied multi-tenant asset featuring a diverse mix of national, regional, and local tenants, creating stable in-place cash flow and reducing rollover concentration.
• Offered at $2,440,000, representing $119 PSF and an attractive 8.00% Year 1 cap rate based on projected Year 1 NOI of $195,357.
• Necessity-based tenant mix includes service, medical, financial, wireless, and beauty users, supporting durable tenancy and repeat customer traffic.
• Located within an established retail corridor just off of MS-19 (±13,500 VPD), serving as a convenient shopping destination for the surrounding Lauderdale County trade area.
• Positioned in a market supported by healthcare, military, manufacturing, and transportation employment drivers, helping sustain daytime traffic and local spending.
• Regional draw from East Mississippi and West Alabama supports long-term relevance as Meridian functions as a primary commercial hub for surrounding communities.

Photos

Location

Agents

Broker of Record

Phillip Carpenter

License # 8906, C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211