Kroger Anchored Shopping Center Investment Sale | 7.50% Cap

Property Description

Marketing Package

Randall Commercial Group, LLC is pleased to offer the Batesville Shopping Center for sale. The subject property is an approximately 126,684 sq. ft. Kroger-anchored neighborhood center featuring national/regional co-tenants that include Hibbett Sports, Citi Trends, Burke’ s Outlet, and Dirt Cheap. In 2015, Kroger installed a Kroger Fuel Center on the southwest portion of the property.  Batesville Shopping Center has access off Hwy. 6 and Keating Rd. Batesville Shopping Center is the first property west of I-55 to have full access off of Highway 6. The city of Batesville serves as a regional hub for the surrounding small communities. Batesville is located just 60 miles south of Memphis on I-55 and just 25 miles west of Oxford, MS (home of Ole Miss) on Highway 6.

  • Price: $7,885,333
  • Cap Rate: 7.5%
  • GLA: 126,684 Sq. Ft.
  • Acreage: 15.235 acres
  • Key Tenants: Kroger, Citi Trends, Hibbett Sports, Burke’s Outlet, & Dirt Cheap
  • Occupancy: 98.6% occupied
  • Located off of Highway 6 with 26,000 ADT
  • Kroger has had drastically increasing sales since the 2015 addition of Kroger Fuel Center outparcel

General Info

Category: Recent/Closed Projects

Type: Investment, Retail

Price: $7,885,333

Address: 198 Keating Road, Batesville, MS 38606

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