Clarksdale Shopping Center Photo Gallery

Clarksdale has a population of 14,423 with a median age of 36.7 years; 79 percent African American, 18 percent White. Median household income stands at $36,259, below national average, with 42 percent poverty rate. Housing occupancy is 84 percent, 53 percent renter-occupied, median gross rent $762. Retail draws from Coahoma County (population 21,000), supporting value-oriented stores but limiting luxury or high-end leasing potential due to low disposable income and high unemployment around 8 percent.

The center's 14 units feature anchors Roses (25,000 SF) and Citi Trends (20,000 SF), alongside Family Dollar, Hibbett Sports, AutoZone, and smaller shops. Mix emphasizes discount apparel, variety goods, sports, and services, with estimated 85-90 percent occupancy for anchors but variable for inline spaces. Operational aspects include standard maintenance, ample parking for 400 vehicles, and pylon signage. No reported infrastructure issues, though aging building from 1970s requires periodic updates. Suitable for essential retail, but weak in entertainment or dining categories.

Primary competition is Walmart Supercenter 2 miles away, dominating groceries and general merchandise with higher footfall over 10,000 daily. Local saturation in discount retail poses risks, alongside regional economic decline in agriculture affecting spending. Access via State Street is adequate but lacks public transit; seasonal tourism from blues heritage adds minor boosts. Lease terms NNN at $8-12/SF/year, with escalations, but high vacancy risk for non-essential tenants due to 5-10 percent area retail vacancy rates and slow growth projected at 0.5 percent annually.