940 E County Line Rd - Freestanding FOR SALE


Ridgeland, MS 39157
$2,162,096 USD
818-466-6443
940 E County Line Rd, Ridgeland, MS for Sale
$2,162,096 USD
Freestanding - FOR SALE
1/7
null | 8.25% Cap Rate

940 E County Line Rd
Ridgeland, MS 39157


HIGHLIGHTS

  • Lowe's Outparcel surrounded by national retailers
  • Busy cooridor with frontage on E County Line Rd
  • Exceptional traffic counts
  • Rencent Renewals showing Commitment to the location
  • 4.5 years nad 7 years remaining on NNN Leases

OVERVIEW

Great 8.25% cap rate deal. Outparcel to Lowes Center adjacent to Canes and across the street from Chick Fil A on highly trafficked East County Line Rd. Long term tenants with multiple renewals and established businesses in the market. Surrounded by national retailers. Both tenants exercised recent reneweals at higher rent showing firther commitment to the property. Verizon operator is the largest in the country. 7 years remain on Honeybaked Ham lease and 4.5 years remain on the Verizon lease. Co-Listed with AJ Kiamie from Kiamie Real Estate

FOR SALE DETAILS

PRICE

$2,162,096 USD

PRICE/SF

$287 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lowe's Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

C-2

APN/PARCEL ID

072I-31C-007-02-00

ASK ABOUT THIS PROPERTY

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818-466-6443

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818-466-6443

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