220 N Frontage Rd | Meridian, MS 39301
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- LoopNet Team
220 N Frontage Rd
Meridian, MS 39301
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Absolute NNN Lease – ±11 years remain on the lease and there are zero landlord responsibilities or expenses, providing 100% passive income.
- Freeway Location – The property enjoys a highly strategic position directly off Hwy 20, a major thoroughfare with a daily traffic volume.
- National Tenant – IHOP, a subsidiary of DineEquity, INC. is one of the largest casual dining restaurant chains in the world with over 1,750 locations.
- Hotel Location – The IHOP is positioned in a prime area with more than 15 hotels within a 1-mile radius.
- Strong Retail Corridor – The property is located across the street from the Uptown Meridian Mall and next to national retailers such as Wal-Mart.
PROPERTY FACTS
Property Type
Retail
Building Size
4,950 SF
Building Class
C
Year Built/Renovated
2015/2026
Percent Leased
54%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.18 AC
Parking
59 Spaces (12.66 Spaces per 1,000 SF Leased)
Frontage
215’ on North Frontage Road
AMENITIES
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 084-17-1-0000-000-02402 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $164,885 |
PROPERTY TAXES
Parcel Number
084-17-1-0000-000-02402
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$164,885
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