1302 N State St - Convenience Store FOR SALE


Jackson, MS 39202- Belhaven
$1,780,000 USD
310-867-9311
1302 N State St, Jackson, MS for Sale
$1,780,000 USD
Convenience Store - FOR SALE
1/11
null | 7.25% Cap Rate

1302 N State St
Jackson, MS 39202
Belhaven


HIGHLIGHTS

  • Prime Location - High-Traffic Corridor
  • Long-Term Lease Security
  • Credit & Credit Strength
  • Direct Cash Flow
  • Bonus Depreciation Opportunity

OVERVIEW

1302 N State Street presents a rare opportunity to acquire a stabilized, long-term leased fuel and convenience retail asset in the heart of Jackson, Mississippi. Unlike many competing fuel station investments, the property is unencumbered by restrictive fuel supply agreements, providing unmatched operational flexibility and enhancing its long-term value. The asset is leased to an experienced multi-unit operator with more than eight years of successful operating history at the location and over seven years remaining on the primary lease term, offering investors durable, predictable cash flow backed by a personal guaranty. Offered at $1,780,000 (7.27% capitalization rate), the investment combines immediate yield with compelling long-term fundamentals. The absence of brand restrictions allows future owners the flexibility to optimize fuel supply economics, rebrand the site, or capitalize on evolving market opportunities that are unavailable to many competing assets. In a market such as Jackson, where essential-service real estate continues to command strong investor demand, 1302 N State Street offers an attractive combination of stable income, minimal management responsibility, and meaningful upside potential through future operational enhancements and strategic operator relationships. Whether acquired as a passive, long-term investment or as part of a strategic portfolio expansion, this asset represents a compelling opportunity to own a high-performing convenience retail property with exceptional flexibility and value creation potential.

FOR SALE DETAILS

PRICE

$1,780,000 USD

PRICE/SF

$1,780 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

-

APN/PARCEL ID

0019-0034-000

ASK ABOUT THIS PROPERTY

Jason GribinAiCRE Parnters, IncMore Info
310-867-9311

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Jason GribinAiCRE Parnters, IncMore Info
310-867-9311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.