Coming to soon to Auction. Auction Date 04/29/2024 - 05/01/2024 9:00 AM PDT. Deville Plaza is a landmark property with roots in North Jackson, MS established in the 1940’s. The investment property boasts timeless and iconic architectural charm. With its prime location along the I-55 corridor, Deville Plaza offers excellent visibility and accessibility. The immediate area consists of retail, office, and medical businesses, in addition to multifamily communities and tons of residential rooftops.

The current tenant roster features a diverse mix of established tenants. CVS, with a long-term presence, occupies an outparcel offering essential pharmacy and retail services. Anchoring the development are Ace Hardware, providing a comprehensive range of hardware and home improvement products, and Planet Fitness, a popular destination for fitness enthusiasts. Joining this dynamic lineup are Napa Auto Parts, offering automotive supplies and expertise, and 4th & Goal, an exciting event and music venue that adds vibrancy to the plaza's entertainment scene. Additionally, Lamar Advertising holds two billboard leases, enhancing visibility and communication within the area. Among the array of tenants, visitors can enjoy culinary delights at Tokyo Cafe and Capitol Grill Sports Bar, as well as access professional services at Future Graphics. With a dynamic lineup of tenants, Deville Plaza continues to be a vibrant hub for both locals and visitors alike.

Deville Plaza presents a value-add opportunity by way of the former Stein Mart suite. This space offers a prime opportunity for a variety of tenants seeking 46,245 square feet of adaptable commercial real estate. With its expansive layout and strategic location, the space is ideal for businesses in self-storage, home goods retail, or entertainment ventures such as a trampoline park or kids' events venue. Its central position within the plaza ensures high visibility and accessibility.

Investment Highlights

Prime Location: Located in the heart of Jackson, Mississippi, Deville Plaza enjoys a strategic position with high visibility and easy access to I-55.

Historic Charm: As a cherished landmark with a rich history dating back to the 1940s, Deville Plaza exudes timeless charm and architectural character.

CVS Outparcel: Long-term CVS lease with 7.5+ years remaining providing a stable source of passive income, enhancing the property's overall investment appeal.

Value-Add Potential: Multiple opportunities for value enhancement through strategic upgrades, renovation projects, and lease optimization, including a vacant mid-box consisting of 46K +/- sq. ft.