Triple Net Bank Ground
For Sale
Contact for pricing
1042 Highland Colony Pkwy, Ridgeland, MS 39157
Brand-new Chase Bank is under construction for a 15-year NNN ground lease with five 5-year renewal options.
Property SizeContact for details
Days on Market144
Property Features for 1042 Highland Colony Pkwy
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
116,000 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Memphis
(954) 245-3493
Listed By:
William Davis · License #TN 272205
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 1:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Memphis
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a brand-new Chase Bank under construction in Ridgeland, Mississippi, with an anticipated opening in November 2021. The property will be operated under a 15-year triple net (NNN) ground lease featuring five, five-year tenant renewal options. Lease terms include 10 percent rent increases every five years throughout the base term and each option period.
The site is located directly off Interstate 55, described as having more than 116,000 vehicles daily. The surrounding area is characterized in the offering materials as affluent, with average household income figures provided for one, three, and five miles.
The listing also notes that within three miles are major drivers and destinations including Walmart, Home Depot, Costco, Holmes Community College, Renaissance at Colony Park, and Select Specialty Hospital. Renaissance at Colony Park is identified as a landmark lifestyle center anchored by Fresh Market, with additional listed brands.
The site is located directly off Interstate 55, described as having more than 116,000 vehicles daily. The surrounding area is characterized in the offering materials as affluent, with average household income figures provided for one, three, and five miles.
The listing also notes that within three miles are major drivers and destinations including Walmart, Home Depot, Costco, Holmes Community College, Renaissance at Colony Park, and Select Specialty Hospital. Renaissance at Colony Park is identified as a landmark lifestyle center anchored by Fresh Market, with additional listed brands.
Key Highlights
- Brand‑new Chase Bank under construction in Ridgeland, MS with an anticipated opening in November 2021
- 15‑year triple net (NNN) ground lease with five 5‑year tenant renewal options
- Lease includes 10% rent increases every five years throughout the base term and option periods
Property Analytics
Property Profile
Current Use
Lease Details
116,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
182k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Apparel 24%
Shops & Services 14%
Hotels & Casinos 9%
Starbucks
Dining
22,250 visits/mo
0.5 miles
Chicken Salad Chick
Dining
18,737 visits/mo
0.3 miles
Newk's Eatery
Dining
17,734 visits/mo
0.2 miles
Panera Bread
Dining
16,574 visits/mo
0.4 miles
Anthropologie
Apparel
11,490 visits/mo
0.5 miles
Demographics for 39157, MS
24,611
Population
11,690
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
94%
High-School Grad
30.0 sq mi
ZIP Area
820
Density / Sq Mi
$63,552
Median Household Income
$42,516
Median Earnings
$1,205
Median Rent
$259,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Brand-new Chase Bank is under construction for a 15-year NNN ground lease with five 5-year renewal options.
Where is this nnn property located?
The property is located at 1042 Highland Colony Pkwy Ridgeland, MS.
What are key features of this property?
This property features: Brand‑new Chase Bank under construction in Ridgeland, MS with an anticipated opening in November 2021; 15‑year triple net (NNN) ground lease with five 5‑year tenant renewal options; Lease includes 10% rent increases every five years throughout the base term and option periods
