Available

Jackson, MS Retail Portfolio

$4.250.000

  • 12724
  • Hinds, Mississippi

Financial Information
Asking Price $4.250.000
Property Information
Category Business With Real Estate
Headline Jackson, MS Retail Portfolio
Description

Jackson, MS Retail Portfolio    
Asking Price (Portfolio): $4,150,000?Cap Rate: 9.0% (in-place)?Combined NOI: $376,108?Optional Add-On: 1230 E County Line Rd ($2,000,000 | 9% Cap | NOI $180,802)    
Two multi-tenant retail properties in Jackson and Ridgeland, MS, anchored by high-traffic corridors and major retail neighbors. Highway 18 Plaza provides a value-add lease-up opportunity, while Northpark Station delivers stabilized cash flow.     
County Line Retail can be added for scale.    
Property 1: Highway 18 Plaza    
?? 5225 Hwy 18 W, Jackson, MS    
* Asking: Included in portfolio    
* Building Size: 12,350 SF    
* Land Area: 1.41 Acres    
* Occupancy: 66% (Master Lease being offered)    
* NOI: $177,898    
* Gross Operating Income (GOI): $218,904    
* Expenses: $46,231    
* Year Built: 1986    
* Parking: 53 spaces    
* Traffic: 32,000 VPD    
* Tenants: Subway (renewed 5-year extension), Vape Con, Super Clean LaundryHwy 18 OM_9.25.25?    
* Highlights:    
* Across from Walmart Supercenter & Lowe’s    
* 1 mile from Jackson State University (10,000+ students)    
* Strong visibility with 189’ frontage on MS-18    
* Value-add in leasing vacancies    
* Opportunity Zone designation    
Property 2: Northpark Station    
?? 201 Ring Rd, Ridgeland, MS    
* Asking: Included in portfolio    
* Building Size: 15,401 SF    
* Land Area: 1.71 Acres    
* Occupancy: 100%    
* NOI: $200,655    
* Gross Operating Income (GOI): $267,125    
* Expenses: $62,145    
* Year Built: 2005 | Renovated 2013/2018    
* Parking: 89 spaces    
* Traffic: 40,000 VPD    
* Tenants: Subway, C&C Catering, Vap Con, Super Clean Laundry, Exclusive Cuts201 OM?    
* Highlights:    
* Prime Northpark Mall retail corridor location    
* Service-oriented tenant mix ensures recurring demand    
* Ample parking and visibility (243’ Ring Rd frontage)    
* Opportunity Zone designation    
Optional Add-On: County Line Retail    
?? 1230 E County Line Rd, Ridgeland, MS    
* Asking: $2,000,000    
* Cap Rate: 9.0%    
* Building Size: 11,206 SF    
* Land Area: 1.71 Acres    
* Occupancy: 100%    
* NOI: $180,802    
* Year Built: 2008    
* Parking: 37 spaces    
* Traffic: 40,000 VPD    
* Tenants: Plato’s Closet, US Coast Guard, Wireless Wizard, Once Upon a Child    
* Highlights:    
* County Line corridor retail hub near Northpark Mall    
* Government + national/regional tenant mix    
* Strong frontage & traffic exposure    
* Opportunity Zone designation    
Investment Highlights    
* 9.0% blended cap rate on in-place income.    
* High-traffic corridors (32K–40K VPD) near Walmart, Lowe’s, and Northpark Mall.    
* Stabilized + Value-Add Balance: Northpark Station (100% leased) + Hwy 18 Plaza (lease-up upside at 66% occupancy).    
* Optional scalability: Add County Line for total NOI of $556,910 at 9% cap.    
* Tax Incentives: All properties sit in Opportunity Zones.    

 

Overview
Property ID: 12724
Type: Business With Real Estate
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