For Sale
$1,700,000
300 Ridge Way Flowood, MS 39232
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 15-year absolute NNN ground lease with zero landlord responsibilities, providing long-term passive income.
- Corporate guarantee from JP Morgan Chase Bank, a nationally recognized investment-grade tenant.
- Lease includes 10% rent increases every 5 years, totaling two increases within the initial 15-year term.
- Outparcel to the 465,000+ SF, 98.7% occupied Lakeland Commons shopping center, with over 5.8 million annual visitors.
- Excellent location near major retailers including Target, Kroger, Lowe's, Hobby Lobby, and Ross, with high traffic counts.
- Signalized access at the intersection of Lakeland Drive (47,000+ VPD) and East Metro Parkway (15,000+ VPD), plus additional access points.
Property Details for 300 Ridge Way
- Property type
- Retail properties, Banks
- Square Feet
- 3,321 SF
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 43,124 SF
- Units
- 1
Location Insight
- City
- Flowood
- County
- Rankin
- State
- Mississippi
- Latitude
- 32.339617981135
- Longitude
- -90.0664480659
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 300 Ridge Way Flowood, MS.
- What is the asking price?
- The asking price for this property is $1,700,000.
- What are key features of this property?
- This property features: 15-year absolute NNN ground lease with zero landlord responsibilities, providing long-term passive income.; Corporate guarantee from JP Morgan Chase Bank, a nationally recognized investment-grade tenant.; Lease includes 10% rent increases every 5 years, totaling two increases within the initial 15-year term.
- How can I contact the broker?
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