2425 Highway 80 W Jackson, MS 39208
Property Features for 2425 Highway 80 W
General Information
- Lot size
- 0.19 Acres
Source:
Moodyscre
Listing Agent: Bill Cook, Iii
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Retail Building on Highway 80
This is a 1,260 square foot single retail building situated on a 7,015 square foot site. The property is located on Highway 80 in Jackson, Mississippi, near the intersection of Ellis Avenue and Highway 80, an area with several chain restaurants and retail establishments. The property is currently leased to a national loan company. The location benefits from a grandfathered payday and cash advance license from the City of Jackson, which currently has a moratorium on issuing new licenses. According to the owner, this is one of the chain's most active stores in the state. Recent improvements include a roof replacement in December 2022, and an HVAC unit that is less than 5 years old. In the last two months, the owner has repaired some exterior wood and repainted the full exterior. The current lease commenced on October 1, 2023, for a term of 5 years, with two 5-year renewal options and includes five percent annual rent increases. The owner is responsible for exterior building maintenance, building insurance, and HVAC repairs exceeding $3,000 per year. This is an investment property.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Rankin
- State
- Mississippi
- Longitude
- -90.1304254
- Latitude
- 32.2805124
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 1,260 SF retail building with existing lease in Jackson.
Where is this retail space located?
The property is located at 2425 Highway 80 W Jackson, MS.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: - Existing lease with a national loan company, providing immediate income.; - Payday and cash advance license included, a valuable asset due to the city moratorium on new licenses.; - Favorable lease terms: 5-year lease commenced Oct. 1, 2023, with two 5-year renewal options and 5% annual rent increases.