Share This Listing

Message

958 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

2101-2106 Raymond Rd 62,645 SF 95% Leased Retail Building Jackson, MS 39204 $3,800,000 ($60.66/SF) 9.60% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Anchor has over 8 years left on current term.
  • Anchor has healthy sales to rent ratio of 1%
  • 9.6% CAP
  • Priced Substantially below replacement cost at $60.66 per square foot
  • Necessity based tenant roster
  • Multiple tenants with over a decade in the center.

EXECUTIVE SUMMARY

Incredibly busy 95% occupied grocery anchored neighborhood center offered at an 9.6% CAP and substantially below replacement cost at $60.66 per square foot. All major tenants have over 5 years remaining on current term with the anchor having over 8 years remaining. Necessity based tenant roster with multiple tenant having over a decade in the center. Sale includes potential out lot which could be developed into QSR, convenience store, etc.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
62,645 SF
Building Class
C
Year Built
1982
Price
$3,800,000
Price Per SF
$60.66
Cap Rate
9.60%
NOI
$364,972
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
6.40 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
275 Spaces (4.39 Spaces per 1,000 SF Leased)

AMENITIES

  • Signalized Intersection
  • Wheelchair Accessible

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Express Coin & Laundry
  • Services
  • -
  • -
  • Plus Utilities and Cleaning
  • Nov 2033
  • Services
  • -
  • -
  • -
  • -

Happy Nails & Spa is in the business of offering first class nail spa facilities to allow fully licensed artisans in the nail spa industry to rent space to offer their services to the public. The independent nail associate is provided a fully furnished, high end work environment, along with support services to allow her or him to concentrate on working their unique manicure and pedicure magic free from the administrative headaches involved in building out and operating their own large nail spa spaces. Each workspace is complete with state of the art, high end nail spa chairs, or, if the associate wishes, acrylic work stations. Within this relaxed environment, each associate is free to work their own schedules, cater to their own clients, and operate their own business.

  • Accommodation and Food Services
  • -
  • -
  • -
  • Oct 2009

There’s nothing cookie-cutter about Pizza Hut. Not their pizzas. Not their people. And definitely not the way they live life. Around here, they don’t settle for anything less than food they are proud to serve. And they don’t just clock in. Not when they can also become their best, make friends, and have fun while they're at it. They're the pizza company that lives life unboxed. They are not for people who want to blend in: pushing boundaries is part of their heritage. They have thousands of restaurants and many team members in multiple countries. Whether it’s the original Stuffed Crust or putting a pizza in outer space, they never stop driving themselves to deliver hot pizzas, fast every time – anywhere one wants to enjoy it. At Pizza Hut, they don’t just make pizza. They make people happy. Pizza Hut was built on the belief that pizza night should be special, and they carry that belief into everything they do.

  • Sun Beauty Supply
  • Retailer
  • -
  • -
  • Triple Net
  • -
  • The Jackson Police Department
  • Services
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -
  • May 2033

Local cost-plus food grocery store located in Jackson, Mississippi since 1926.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Express Coin & Laundry Services - - Plus Utilities and Cleaning Nov 2033
Services - - - -
Accommodation and Food Services - - - Oct 2009
Sun Beauty Supply Retailer - - Triple Net -
The Jackson Police Department Services - - - -
Retailer - - - May 2033

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • A
  • 2,100 SF
  • Restaurant
  • End Cap
  • Now

Fully built out restaurant space on the End Cap of one of Jackson's busiest shopping centers. Center averages over 70,000 visits a month and is one of the top 50 busiest neighborhood centers in the state of Mississippi according to Placer. AI

  • H
  • 1,200 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
A 2,100 SF Restaurant End Cap Now
H 1,200 SF Retail In-Line Now

A

Size
2,100 SF
Space Use
Restaurant
Position
End Cap
Available
Now

H

Size
1,200 SF
Space Use
Retail
Position
In-Line
Available
Now

A

Size 2,100 SF
Space Use Restaurant
Position End Cap
Available Now

Fully built out restaurant space on the End Cap of one of Jackson's busiest shopping centers. Center averages over 70,000 visits a month and is one of the top 50 busiest neighborhood centers in the state of Mississippi according to Placer. AI

H

Size 1,200 SF
Space Use Retail
Position In-Line
Available Now

NEARBY MAJOR RETAILERS

Checkers
Cadence Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0836-0021-001
  • 0836-0022-002
Land Assessment
$64,241
Improvements Assessment
$177,305
Total Assessment
$241,546
  • Listing ID: 35570981

  • Date on Market: 4/21/2025

  • Last Updated:

  • Address: 2101-2106 Raymond Rd, Jackson, MS 39204

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}