The Forum at Grandview
Closed175 Grandview Boulevard, Madison, MS 39110
Property type
Retail
Price
$31,750,000
Building size
216,144 sf
Rentable area
216,144 SF
Year built
Year renovated
Occupancy
Zoning code
Lot size
27.67 Acres
Sold/status
Sold · Date unknown
Sale price
$31750000
Property description
Franklin Street presents The Forum at Grandview, a 216,144-SF regional power center, shadowed by a Walmart Supercenter and Sam's Club along Interstate 55 in Madison, Mississippi. The center was developed in three phases in 2010, 2012, and 2016. Ninety-nine percent of the income base is made up of national tenants such as Dick's Sporting Goods, ULTA, Best Buy, Michael's, Home Goods, among others. Additional security to a new investor is the average lease term remaining of 6.1 years. The center has three access points and a lighted entrance. The Forum at Grandview backs up to Interstate 55, which provides great visiblity to the center with 102,000 VPD. Because of the distinct building codes of Madison, the property has significant architectural upgrades which make The Forum at Grandview significantly more appealing than traditional power centers.
Property highlights
- STRATEGIC LOCATION•Located between Walmart, Lowe's, and Sam's Club•Major retail corridor in the region•Shared parking lot with Malco Theatres and Miskelly Furniture•Excellent visibility from Interstate 55 - 102,000± VPD•Surrounded by other daily traffic generators: Renaissance at Colony Square, grocers and schools