Market Street Retail Advisors is pleased to exclusively offer Highland Court Shopping Center in Oxford, Mississippi. The 42,000 SF center is located off West Jackson Ave (24,000 ADT) which is the heart of Oxford’s commercial and retail district. Highland Court was constructed within the last five years, is currently 85% occupied and is the dominant retail center in the marketplace. The makeup of the shopping center consists of many small retail bays with the largest tenant, Ole Miss Athletics, occupying only 6,500 SF, which significantly reduces an investor’s income risk over the life of the property. Highland Court is located one mile from the University of Mississippi which has a student population of 24,000 and is constantly ranked as one of the best Universities in the State.
Oxford is currently growing at a rate of 1.53% annually and its population has increased by 53.29% since the most recent census. Oxford has an unemployment rate of 4.5% while the US average is 6.0% and has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 50.9%, which is higher than the US average of 33.5%.
Highland Court is an exceptional example of a property with tried and true real estate fundamentals with convenient access, high traffic counts, spread tenant risk, quality construction and proximity to multiple demand drivers, along with being located in dynamic community within the Southern United States.