2010-2106 Raymond Rd - Supermarket FOR SALE


Jackson, MS 39204- South Jackson
$4,000,000 USD
205-454-1781
2010-2106 Raymond Rd, Jackson, MS for Sale
$4,000,000 USD
Supermarket - FOR SALE
1/8
null | 8.5% Cap Rate

2010-2106 Raymond Rd
Jackson, MS 39204
South Jackson


HIGHLIGHTS

  • Anchor has over 8 years left on current term.
  • Priced Substantially below replacement cost at $63.85 per square foot
  • Anchor has healthy sales to rent ratio of 1%
  • Necessity based tenant roster
  • 8.5% CAP
  • Multiple tenants with over a decade in the center.

OVERVIEW

Incredibly busy 95% occupied grocery anchored neighborhood center offered at an 8.5% CAP and substantially below replacement cost at $63.45 per square foot. All major tenants have over 5 years remaining on current term with the anchor having over 8 years remaining. Necessity based tenant roster with multiple tenant having over a decade in the center. Sale includes potential out lot which could be developed into QSR, convenience store, etc.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

275

LAND DETAILS

CROSS STREETS

W. McDowell Rd

LAND ACRES

6.4 AC

LAND SF

278,784 SF

ZONING

C-2

APN/PARCEL ID

0836-0021-001,0836-0022-002

ASK ABOUT THIS PROPERTY

Jeff DylTower Capital, LLCMore Info
205-454-1781

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Jeff DylTower Capital, LLCMore Info
205-454-1781

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