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1863 Main St 2,810 SF Retail Building Madison, MS 39110 $4,000,000 ($1,423.49/SF) 5.25% Cap Rate
EXECUTIVE SUMMARY
- Corporate Guarantee | Absolute NNN Lease (Fee Simple)
- Irreplaceable 4-Way Signalized Corner Location
- Surrounded by National Retailers | Established Trade Area
- $152,000+ Avg. Household Incomes | Affluent Jackson, MS Suburb
- Favorable Statewide Economic Trends | Income Tax Phase Out
- Irreplaceable 4-Way Signalized Corner Location
- Surrounded by National Retailers | Established Trade Area
- $152,000+ Avg. Household Incomes | Affluent Jackson, MS Suburb
- Favorable Statewide Economic Trends | Income Tax Phase Out
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,810 SF
Building Class
C
Year Built/Renovated
2003/2024
Price
$4,000,000
Price Per SF
$1,423.49
Cap Rate
5.25%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Zoning
C - Commercial
Parking
40 Spaces (14.23 Spaces per 1,000 SF Leased)
Frontage
79’ on Main St
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 072C-07A-003-01-00 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $136,834 (2025) |
PROPERTY TAXES
Parcel Number
072C-07A-003-01-00
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$136,834 (2025)
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1863 Main St
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