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2019a Raymond Rd
Jackson, MS 39204
Family Dollar | 4.5yrs Remain Corp NN · Retail Property For Sale
Investment Highlights
- Approx. 4.5 Years Remaining | Recent Lease Extension | Scheduled Rental Increases
- Positioned Along Signalized Intersection | Surrounded by National Retailers
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities | Value-Add Opportunity
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Approx. 4.5 Years remaining on the lease, with 2 (5-Year) options to extend
• The lease features 10% rental increases at the beginning of each options period, steadily growing NOI and hedging against inflation
• The lease features 10% rental increases at the beginning of each options period, steadily growing NOI and hedging against inflation
Property Facts
Sale Type
Investment
Property Type
Building Size
9,241 SF
Building Class
C
Year Built
2003
Price
$1,079,000
Price Per SF
$116.76
Cap Rate
7.40%
NOI
$79,833
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.12 AC
Opportunity Zone
Yes
Zoning
C-2 - Limited Commercial
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 0836-0131-002 | Improvements Assessment | $69,198 |
| Land Assessment | $16,466 | Total Assessment | $85,664 |
Property Taxes
Parcel Number
0836-0131-002
Land Assessment
$16,466
Improvements Assessment
$69,198
Total Assessment
$85,664
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