2885-2899 Terry Rd
Jackson, MS 39212
Southgate Shopping Center · Retail Property For Sale

Investment Highlights Sales Price: $1,750,000 Capitalization Rate: 9% Square Footage: +/- 98,430 Price Per Square Foot: $17.78 Occupancy: 99% Net Operating Income: $158,494 Year Developed: 1974, renovated in 1999 Land Area: +/- 11.07 Acres Zoning: The parcel is zoned C-2 (Limited Commercial District) Parking Spaces: 415 spaces or 4.22 spaces per 1,000 square feet of gross leasable space. Signage: Exceptionally visible signage along 4-lane Terry Road with an elevated pylon. Excellent location in an established commercial trade area just minutes from downtown Jackson. Population of approximately 50,000 within a 3-mile radius and growth of 12.8% since 2000 (according to 2006 postal counts). Located 1/2 mile off Interstate 55 & approximately 1 & 1/2 miles from Interstate 20. Nearly 76% of the gross potential rent is derived from Roses & Fred's, both of which have been in occupancy in excess of ten years. Offered below replacement cost. 48-hour traffic counts of 17,000 along Terry Road and 14,000 along McDowell Road.