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807-809 Varsity Dr

4,500 - 21,466 SF of Office/Retail Space Available in Tupelo, MS 38801

Highlights

  • An outparcel opportunity is available, along with drive-thru capability for the end cap space.
  • Dual curb cuts providing convenient ingress and egress to the property.
  • This property is less than 2 miles from Cadence Arena, the largest indoor multipurpose arena in Mississippi.
  • 58 total parking spaces, including 8 designated handicap spaces.
  • Conveniently located near the North Mississippi Medical Center and directly adjacent to Tupelo's Midtown Pointe Development.
  • Prime signage space available, providing excellent visibility and exposure for businesses.

Space Availability (1)

Display Rent as

  • Space
  • Size
  • Term
  • Rent
  • Service Type
  • 1st Floor
  • 4,500-21,466 SF
  • Negotiable
  • £6.28 /SF/PA £0.52 /SF/MO £67.55 /m²/PA £5.63 /m²/MO £134,705 /PA £11,225 /MO
  • Triple Net
Space Use
Office/Retail
Condition
Full Build-Out
Availability
Now

This versatile 21,466 square-foot space offers a prime opportunity for medical, office, or retail space. This space offers flexible layouts and can accommodate a wide range of users, making it ideal for various business needs.

  • Lease rate does not include utilities, property expenses or building services
  • 21,466 square feet of flexible space.
  • Ideal for medical, office, or retail space.
Space Size Term Rent Service Type
1st Floor 4,500-21,466 SF Negotiable £6.28 /SF/PA £0.52 /SF/MO £67.55 /m²/PA £5.63 /m²/MO £134,705 /PA £11,225 /MO Triple Net

1st Floor

Size
4,500-21,466 SF
Term
Negotiable
Rent
£6.28 /SF/PA £0.52 /SF/MO £67.55 /m²/PA £5.63 /m²/MO £134,705 /PA £11,225 /MO
Service Type
Triple Net
Space Use
Office/Retail
Condition
Full Build-Out
Availability
Now

This versatile 21,466 square-foot space offers a prime opportunity for medical, office, or retail space. This space offers flexible layouts and can accommodate a wide range of users, making it ideal for various business needs.

  • Lease rate does not include utilities, property expenses or building services
  • 21,466 square feet of flexible space.
  • Ideal for medical, office, or retail space.

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

PROPERTY FACTS FOR 807-809 Varsity Dr , Tupelo, MS 38801

Min. Divisible 4,500 SF
Property Type Retail
Property Subtype Storefront
Gross Internal Area 29,429 SF
Year Built 1965
Parking Ratio 1.97/1,000 SF

About the Property

809 Varsity Dr is situated in the heart of Tupelo’s Entertainment District, just under two miles from the Cadence Arena, Mississippi’s largest indoor multipurpose venue. This prime location offers exceptional visibility and is ideal for businesses looking to thrive in a high-traffic, vibrant environment. The property is also adjacent to Tupelo's Midtown Point Development, adding to its appeal as a hub for retail, entertainment, and commerce. Dual curb cuts provide seamless ingress and egress, ensuring smooth traffic flow for both employees and customers. Additionally, there is an outparcel opportunity and drive-thru capability for end-cap tenants, making this property even more versatile.

  • Drive Thru

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
5,811
25,097
40,526
56,596
2029 Population
5,939
25,127
40,274
56,125
2024-2029 Projected Population Growth
2.2%
0.1%
-0.6%
-0.8%
Median Age
34.5
36.0
36.7
37.8
College Degree + Higher
21%
27%
29%
19%
Daytime Employees
18,703
38,340
49,665
55,317
Total Businesses
1,514
3,473
4,682
5,286
Average Household Income
$53,952
$67,175
$75,761
$81,985
Median Household Income
$37,453
$45,077
$53,884
$58,838
Total Consumer Spending
$54.3M
$260.7M
$451.8M
$668.4M
2024 Households
2,493
10,327
16,600
23,019
Average Home Value
$145,645
$201,706
$224,892
$232,010
$ values in USD

Nearby Major Retailers

Checkers
Cadence Bank
Bestway Rent to Own
Rent-A-Center
Lenny's Franchisor, LLC Support Center
Renasant Bank
Waffle House
Walmart Neighborhood Market
Kroger
McAlister's Deli
  • Listing ID: 32488166

  • Date on Market: 17/07/2024

  • Last Updated:

  • Address: 807-809 Varsity Dr, Tupelo, MS 38801

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