201 Ring RdRidgeland, MS 39157

Property Details for 201 Ring Rd

Year built

2004

Property size (Sq ft)

15,401 SF

Property type

Super regional malls

APN

072I-31D-001/01.05

APU

072I31D0010105

Description

This exceptional retail investment opportunity comprises two properties totaling 28,000 net rentable square feet, located in Ridgeland and Jackson, Mississippi. The portfolio boasts 17 tenants across two Class B buildings, achieving 100% occupancy and generating a combined Net Operating Income (NOI) of $376,108, with a pro-forma NOI of $400,000. The properties, built in 2005 and renovated in 2013/2018 (one building built in 1986), feature a diverse tenant mix including Subway, and are situated in high-traffic areas with excellent visibility. The Ridgeland property, a 15,401 square foot center, benefits from its location near Northpark Mall, while the Jackson property, a 12,350 square foot center, enjoys proximity to Walmart and Lowe's. Both properties offer ample parking (89 spaces total) and are located in Opportunity Zones, presenting potential tax advantages. The portfolio is offered at an asking price of $4,375,000, representing an 8.60% capitalization rate. This fee-simple ownership opportunity provides a stable, high-yield investment with strong potential for long-term growth in a thriving retail market. The Jackson MSA boasts a low retail vacancy rate (3.2%) and positive rent growth (4.2% in the past year). The portfolio's strong tenant mix, high occupancy, and prime locations make it an attractive investment for discerning buyers seeking stable cash flow and significant return.

Location Insight

City

Ridgeland

County

Madison

State

Mississippi

Latitude

32.4005

Longitude

-90.1312

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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