1419 Ellis Ave - Freestanding FOR SALE


Jackson, MS 39204- West Jackson
$1,035,400 USD
508-272-0585
1419 Ellis Ave, Jackson, MS for Sale
$1,035,400 USD
Freestanding - FOR SALE
1/4
null | 6% Cap Rate

1419 Ellis Ave
Jackson, MS 39204
West Jackson


HIGHLIGHTS

  • RECESSION-RESISTANT, NECESSITY-BASED RETAIL
  • LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
  • LONG-TERM OCCUPANCY | 30+ YEAR OPERATING HISTORY

OVERVIEW

TOP 2% NATIONALLY | #1 AUTOZONE IN MISSISSIPPI (PLACER.AI) - ?This location ranks in the top 2% of all AutoZone stores nationwide and #1 in the state of Mississippi by foot traffic, highlighting exceptional performance and strategic importance within the tenant's portfolio LONG-TERM OCCUPANCY | 30+ YEAR OPERATING HISTORY - ?AutoZone has continuously operated at this location since 1991, demonstrating deep market penetration and long-term commitment to the site ABSOLUTE NNN GROUND LEASE - ?The asset is structured as an absolute NNN ground lease, offering a passive investment to LL INVESTMENT-GRADE CORPORATE TENANT (S&P: BBB) - ?Leased to AutoZone, Inc. (NYSE: AZO), the nation's leading automotive parts retailer with 7,000+ locations and strong corporate credit backing LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY - ?The in-place rent represents a low occupancy cost relative to replacement levels, supporting store-level profitability and reducing future rollover risk RECESSION-RESISTANT, NECESSITY-BASED RETAIL - ?Auto parts retailers benefit from consistent demand across economic cycles, as consumers prioritize vehicle maintenance and repair over replacement

FOR SALE DETAILS

PRICE

$1,035,400 USD

PRICE/SF

$73 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Freestanding AutoZone | Jackson, MS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C

APN/PARCEL ID

0220-0008-012

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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