Trustmark Bank Prime Investment
For Sale
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1887 Lakeland Dr, Jackson, MS 39216
Prime Trustmark Bank property on Lakeland Drive, Jackson, MS.
Property Size16,717 SF
Days on Market800
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Property Features for 1887 Lakeland Dr
General Information
Standard status
Active
Size
16,717 SF
Class
B
Total Parking Spaces
75
Property subtype
Office
Zoning
Commercial C-2
Occupancy
100%
Lease Type
Gross
Investment Type
Owner/User
Net Operating Income
$269,140
Building Details
Year Built
1977
Year Renovated
2020
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Lane-Harkins Commercial Real Estate
Listed By:
Patrick Hilton · License #MS 48530
(601) 932-4663
Source:
Crexi
Added: Aug 7, 2024
Changed: Oct 15
Last Checked: Oct 14 at 9:05PM
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 Lane-Harkins Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering presents an opportunity to acquire a Trustmark Bank property located at 1887 Lakeland Drive, Jackson, MS. The property is situated on Lakeland Drive, benefiting from high visibility and accessibility in a well-trafficked commercial corridor. Trustmark Bank, a financial institution with over 130 years of history and a presence across Mississippi, Alabama, Tennessee, Florida, and Texas, is the established tenant. The property's tenancy by a reputable financial institution ensures a stable and predictable income stream. The property is offered at an 6.25 cap rate. The location is also available for lease. The property is a key asset in the Southeastern United States. The property size is 16717 square feet.
Key Highlights
- Prime Location on high‑traffic Lakeland Drive, ensuring excellent visibility.
- High Cap Rate: Offered at a 6.25% cap rate, indicating strong profitability.
- Established Tenant: Leased to Trustmark Bank, a reputable financial institution.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Explore this area
Business Placement
Demographics for 39216, MS
4,061
Population
2,073
Households
2
Avg Household Size
36
Median Age
64%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
1,310
Density / Sq Mi
$43,315
Median Household Income
$33,839
Median Earnings
$1,128
Median Rent
$249,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - Prime Trustmark Bank property on Lakeland Drive, Jackson, MS.
Where is this bank located?
The property is located at 1887 Lakeland Dr Jackson, MS.
What are key features of this property?
This property features: Prime Location on high‑traffic Lakeland Drive, ensuring excellent visibility.; High Cap Rate: Offered at a 6.25% cap rate, indicating strong profitability.; Established Tenant: Leased to Trustmark Bank, a reputable financial institution.
