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Off Market
1/3

665 S Pear Orchard Rd
Ridgeland, MS 39157


HIGHLIGHTS

  • 9.21% In-Place Cap Rate
  • 12.19% Pro Forma Cap Rate
  • 75% Occupied
  • Convenient Location
  • Easy Access
  • Ample Parking

OVERVIEW

PROPERTY OVERVIEW Well constructed and maintained, this single story retail center on corner lot offers ample parking with easy access at a signalized intersection. Two spaces in shell condition offer tremendous upside to an already robust NOI. Current tenants include Bernina Sewing (since 2003), Pak-Mail (since 2001), M. Corley Salon and Head to Toe Therapy. LOCATION OVERVIEW Conveniently located in the shadow of Northpark, the state's largest super-regional mall, this versatile center is equally suited for national tenants seeking a location amongst others in the state's busiest retail corridor as well as locally owned and operated businesses searching for strong, residentially developed areas. Adjacent to and north of the capital city, the City of Ridgeland is convenient to the largest metropolitan area in Mississippi while offering some of the state's finest shopping, dining, arts and entertainment. Ridgeland has been named Tree City USA, Bronze Level Bicycle Friendly Community and one of the 100 Best Places to Live by MONEY magazine.

FOR SALE DETAILS

PRICE

-

CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Pear Orchard Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

14483

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

072I-31A-053-03-00