201 Ring Rd Ridgeland, MS 39157
Two multi-tenant retail properties with stabilized cash flow and lease-up.
Type:Retail
Property size:
15,401 SFLot size:
1.71 Acres- Added:
- Oct 1, 2024
- Days on Market:
- 557
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 201 Ring Rd
General Information
- Standard status
- Active
- Size
- 15,401 SF
- Lot size
- 1.71 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agent Steven Koutsantonis License #10311205589
Listing office Cedar William
Listing date Oct 1, 2024
Source Crexi
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 Cedar William
Overview
Retail Portfolio: Stabilized and Value-Add
This offering features a portfolio of two multi-tenant retail properties located in Jackson and Ridgeland, MS, situated along high-traffic commercial corridors near major regional retail drivers. The portfolio presents a balanced investment profile, combining stabilized cash flow at Northpark Station with a value-add lease-up opportunity at Highway 18 Plaza. Highway 18 Plaza, located at 5225 Hwy 18 W, Jackson, MS 39209, has a building size of 12,350 SF on 1.41 acres with 53 parking spaces. Built in 1986, it has approximately 189 feet of frontage along MS-18 and an occupancy of approximately 66%. The tenant mix includes Subway, Vap Con, and Super Clean Laundry. Northpark Station, located at 201 Ring Rd, Ridgeland, MS 39157, has a building size of 15,401 SF on 1.71 acres with 89 parking spaces. Built in 2005 and renovated in 2013 and 2018, it is 100% occupied. Its tenant mix includes Subway, C&C Catering, Vap Con, Super Clean Laundry, and Exclusive Cuts. Northpark Station provides fully stabilized cash flow in the core Northpark Mall trade area. Both properties benefit from Opportunity Zone designations. Highway 18 Plaza is directly across from Walmart Supercenter & Lowe’s and approximately 1 mile from Jackson State University. Northpark Station has strong visibility and access with approximately 243 feet of Ring Rd frontage.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
G. I. Jan3
Gym & Fitness Center
Lady Quest
Gym & Fitness Center
Mind, Body, and Soul ...
Restaurant
Smoothie Q Factory
Specialty Food Shop
eXclusive Lounge & Stylez
Barber Shop
Similar Places Nearby
- Proactiv Kiosk — 1200 E County Line Rd, Ridgeland, MS 39157
- Ridgewood Court — 6380 Ridgewood Ct Dr, Jackson, MS 39211
- North Regency Square — 900 E County Line Rd, Ridgeland, MS 39157
- County Line Plaza — 1053 E County Line Rd, Jackson, MS 39211
- MDHS Its In Shopping Center Behind Raising Canes And Beside Lowes — 950 E County Line Rd, Ridgeland, MS 39157
Location Insight
- Map
- Local Demand
- City
- Ridgeland
- County
- Madison
- State
- Mississippi
- Longitude
- -90.131169
- Latitude
- 32.40047
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Two multi-tenant retail properties with stabilized cash flow and lease-up.
Where is this shopping center located?
The property is located at 201 Ring Rd Ridgeland, MS.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: High In‑Place Cap Rate: ~8.7% at $4.1M asking price, providing strong immediate return.; Stabilized Cash Flow and Value‑Add Opportunity: Balanced portfolio with 100% leased Northpark Station and lease‑up potential at Highway 18 Plaza.; Strategic Locations: Properties positioned along high‑traffic corridors (32,000‑40,000 VPD) near major retail drivers like Northpark Mall and Walmart Supercenter.
