Why Invest with MRP? MRP is the largest landlord of Walmart Shadow Center shopping centers in small-town America. With a proven strategy and over a decade of growth, we continue to scale this asset class to an institutional level.
America's Modern Main Street
MRP's shopping centers are strategically positioned next to the primary grocer of the market and predominantly occupied by national credit retailers with essential services. This asset class possesses proven resilience and the opportunity to create outsized value.
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Portfolio Value
$320
Million
in Addressable Market
4,460
Properties
MRP Portfolio
80+
Properties
An Addressable Market for Growth
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Property Purchasing Criteria
Diverse tenant base by retail sector mix
Optimal vacancy to occupancy ratio
Attractive acquisition cap rate
Shopping centers where current tenant are paying low rents
Mismanaged or neglected properties for maximum value creation
Variety of local, regional and national tenancy
Retail Sectors
Essential Services
Essential service businesses with include cellular retailers, financial services, personal care salons, and other service providers. These businesses enjoy less competition and attract customers as far as 60 miles away, ensuring business sustainability and fostering long-term leasing relationships.
Discount Retail
Discount retail tenants enhance recession resilience, attracting budget-conscious shoppers and maintaining steady foot traffic, ensuring consistent rental income for landlords.
Retail
Retail businesses in shopping centers offer diverse products, making the center a regularly visited, convenient one-stop-shop for daily needs.
Medical
From urgent service clinics to private practices, medical services in shopping centers draw consistent foot traffic, providing essential healthcare services and increasing customer visits
