Tupelo Commons Photo Gallery

The trade area surrounding Tupelo Commons has a population of approximately 36,806, with a median household income of $52,000, slightly below the national average of $68,700. The demographic profile features 62.7% owner-occupied housing and 37.3% renter-occupied, indicating a stable mix of families and young professionals. Age distribution shows 25% under 18 and 16% over 65, supporting family-oriented retail. Ethnic composition includes 14.7% Hispanic origin, lower than the U.S. 19.6%, with predominant White (70%) and Black (25%) populations. Education levels are moderate, with 25% holding bachelors degrees. This profile favors value-driven retailers but highlights risks from income constraints limiting discretionary spending.

Positioned on North Gloster Street, Tupelo Commons enjoys excellent accessibility via US-78 and MS-6, connecting to Memphis (90 miles north) and Birmingham (120 miles southeast). The site benefits from 20,000 ADT, providing strong drive-by exposure in a corridor with signalized intersections. Pedestrian access is adequate with on-site parking ratios of 5 spaces per 1,000 SF, though lacks public transit integration. Footfall metrics are estimated at 5,000-7,000 daily visitors, driven by anchor traffic rather than destination appeal. Advantages include low congestion and proximity to residential zones (within 5 miles of 70% of trade area), but challenges arise from seasonal traffic dips and competition for parking during peak hours.

Tupelo retail market features moderate competition, with Barnes Crossing Mall (enclosed, 650,000 SF GLA, 92% occupancy) drawing regional shoppers for apparel and dining, while Fairpark District offers big-box alternatives. Tupelo Commons faces saturation in electronics and furniture from nearby Walmart Supercenter and online rivals, potentially pressuring sales in weak categories. Market rent levels average $16-20 PSF NNN for strip centers, with escalations of 3% annually; current availability includes 2,000 SF spaces at $18 PSF. Lease terms typically span 5-10 years with 1-2% sales percentage rent thresholds. Operational quality is average, with no recent capital improvements noted, risking deferred maintenance. Strengths lie in co-tenancy protections and CAM charges under $4 PSF, but risks include economic sensitivity in a region with 4.5% unemployment and limited tourism boost.