For Sale
$8,133,000

6360 Ridgewood Court DrJackson, MS 39211

High-Yield Net Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 134,392 square foot At Home store located at 6360 Ridgewood Ct Dr, Jackson, MS 39211. The property boasts a strong 10.50% cap rate and a substantial net operating income (NOI) of $853,986. Secured by a corporate guarantee and an absolute NNN lease with a remaining term of 9.3 years (expiring 02/27/2034), this single-tenant retail building offers significant long-term stability. Rent increases are built in with 2% annual bumps. The property sits on a large 13.13-acre lot with ample parking (349 spaces) and is strategically positioned within a dense retail corridor, boasting 3.9 million square feet of retail space within a one-mile radius. The location benefits from high visibility and traffic counts (104,000 vehicles per day) due to its proximity to the I-55 on and off ramps. The surrounding area demonstrates strong demographics, including an affluent population with an average household income of $87,381 within a five-mile radius. Built in 1995, this one-story building is zoned for commercial use and enjoys 100% occupancy since its opening on February 7, 2018. The property is further enhanced by its proximity to major employers, including Select Specialty Hospital, Tougaloo College, and Callaway High School, as well as numerous popular national retailers such as Walmart, Target, Home Depot, and Lowe's. Lease options for 4 or 5-year extensions are available. This is a rare opportunity to acquire a high-performing, well-located retail asset with significant upside potential.

Highlights

  • 0.5 miles from I-55 on/off ramp; 104,000 vehicles per day (VPD).
  • Located in a dense retail corridor with 3.9 million square feet within a one-mile radius.
  • 13.13-acre parcel.
  • Strong population density: 95,599 residents within a five-mile radius.
  • Affluent area: $87,381 average household income within a five-mile radius.
  • Proximity to Select Specialty Hospital, Tougaloo College, and Callaway High School.

Property Details for 6360 Ridgewood Court Dr

Property type
Retail properties, Retail space
Square Feet
134,392 SF
Year Built
1995
Buildings
1
Stories
1
Lot Size (sq. ft)
571,943 SF
Units
1

Location Insight

City
Jackson
County
Hinds
State
Mississippi
Latitude
32.3950335
Longitude
-90.1379644
6360 Ridgewood Court Dr, Jackson, Mississippi

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6360 Ridgewood Court Dr
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