2460 Terry Rd
Jackson, MS 39204
Jackson Square Promenade - · Retail Property For Sale

The property is being sold subject to the Seller’s lender approving the sale of the Property pursuant to the Agreement. Consisting of ±325,937 square feet on 33.11 acres, Jackson Square Promenade is a fantastic value-add, or redevelopment opportunity in the heart of Mississippi. Jackson Square is comprised of three separate buildings: The North Building, The South Building, and The West Building. Being the largest regional open-air mall in Jackson, this center provides a vast array of spaces to accommodate any type of local, regional, or national tenant. This value-add retail center has been positioned for a turn-key operation for new ownership-- whether local and hands-on, or out of state and absentee. The property consist of 46 suites that range from 170 SF to upwards of 40,000 SF, and over 1,100 parking spaces to accommodate even the busiest tenants. Approximately 136,000 SF of GLA has undergone extensive renovations to upgrade the electrical, plumbing, and HVAC. Existing onsite management office with full staff to include maintenance, payroll, janitorial, and security. Current NOI provides an investor immediate cash flow with the ability to enhance through lease up. Given the location and size, this mall also features the opportunity to capitalize on the unmatched visibility to repurpose the site to another use. Zoned C-3 Commercial, this property could be converted to other facets and has potential for certain light industrial uses. Jackson Square Promenade Shopping Center is an extraordinary investment opportunity that will not only produce long-term cash flow for an investor, but also offers significant value-add potential through the lease-up of the vacant space and/or redevelopment of the 33 AC site.