Description
South Pointe Shopping Center is a Walmart shadow anchored multi-tenant shopping center located at 1209 S Main Street, Sikeston, MO 63801. It is a Neighborhood Center with a total rentable area of 49,173 SF and 38,524 SF currently leased. The property was built in 1980 and sits on 7.14 AC. Current tenants include Harbor Freight, CATO, Hibbett Sporting Goods, Vapor Maven, and US Marines Recruiting Center, with shadow anchors being Walmart Supercenter and Lowe's Home Improvement. Occupancy is 78.34%.
The center benefits from multiple points of ingress and egress on Main Street. The existing vacancy presents an attractive opportunity for a new owner to unlock additional value, increase occupancy, strengthen cash flow, and drive NOI growth while positioning the center for long-term stability and appreciation. The property draws from a strong residential community with an average household income of $77,827 within a 5-mile radius, making Sikeston a preferred shopping destination. It offers high visibility and is centrally located within the main retail corridor, surrounded by numerous complimentary retailers, and is at the first signalized intersection on the South Main Street exit of US Route 60 (busiest interchange in Sikeston - 40,000 VPD). 80% National tenants with strong historical tenancy and recent renewals and expansions by Harbor Freight, CATO, and Hibbett Sports demonstrate commitment and success.
Majority of tenants operate under triple net (NNN) lease agreements, providing stable income with limited landlord obligations. Sikeston is a small regional hub in southeast Missouri, located about halfway between St. Louis and Memphis, serving as a commercial, healthcare, transportation, and agricultural center. It sits at the intersection of Interstate 55 and Interstate 57, along with US Highways 60 and 61, making it a major logistics and distribution point.
