This Retail Property is Off-Market.

3645 Metro Drive
Jackson, MS 39209 ·

158,700 SF · Retail For Sale

N/A

Print

Metro Marketplace

Price N/A Property Use Type Investment
Gross Leasable Area 158,700 SF Cap Rate 18.15%
Property Type Retail Tenancy Multiple
Property Sub-type Neighborhood Center
Listing ID: 16010468 Date Created: 12/02/2008 Last Updated: 08/09/2010

Description

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.

Research

3645 Metro Drive, Jackson, MS 39209 (Hinds County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Jackson Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)