3645 Metro Drive
Jackson, MS 39209 ·
158,700 SF · Retail For Sale
|Price||N/A||Property Use Type||Investment|
|Gross Leasable Area||158,700 SF||Cap Rate||18.15%|
|Property Sub-type||Neighborhood Center|
|Listing ID: 16010468||Date Created: 12/02/2008||Last Updated: 08/09/2010|
Metro Marketplace is a 158,700 square foot value-add opportunity in Jackson, Mississippi. The offering consists of a two-story anchor space attached to the 1,150,000 Metrocenter Mall, which is anchored by Belk and Sears. Burlington Coat Factory recently signed an 80,000 square foot lease for the entire 1st floor in Metro Marketplace. The 2nd floor has on-grade parking, excellent visibility and the versatility to be leased to one large store or a combination of smaller tenants.
THE 18.15% CAP RATE IS A PROJECTED NON-LEVERAGED STABILIZED RETURN THAT CAN BE ACHIEVED WITH THE REMAINING LEASE-UP.
Metro Marketplace is located on U.S. Highway 80 near the intersection of U.S. Interstates 20 and 220 in West Jackson, MS.
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