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Absolute NNN Car Lot
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802 N Frontage Rd, Meridian, MS 39301

Leased automotive site with an existing office building and established dealership use.

Property Size1,395 SF
Lot Size0.38 Acres
Days on Market142

Property Features for 802 N Frontage Rd

General Information

Standard status Active
Size 1,395 SF
Lot size 0.38 Acres
Property subtype Retail
Occupancy 100%
Net Operating Income $120,000

Site & Location

Traffic Count 43,000 vehicles/day
Outdoor Storage Yes

Additional Details

Cap Rate 10%

Building Details

Buildings 1
Building Size 1,395 SF
Listing Agency: Sands Investment Group - FTL
Listed By: Grant Mogerman · License #SL 3557734
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 11:06PM

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 Sands Investment Group - FTL

Investment Insights

Based on property information with market context.

This absolute NNN automotive property comprises a 0.38-acre car lot with a 1,395-square-foot office building. The improvements have supported auto dealership operations for more than 15 years, providing an established commercial use for the site. An NNN lease is currently in place.

The property fronts N Frontage Rd in Meridian, Mississippi, within a dense retail corridor recording 43K+ VPD. Its combination of an existing office component, automotive operating history, and high-volume corridor setting supports continued vehicle-related use. The site is also identified as a future redevelopment opportunity, subject to applicable approvals and planning considerations.

Key Highlights

  • 0.38‑acre absolute NNN car lot
  • 1,395 SF office building included
  • Auto dealership use for 15+ years

Property Analytics

Current Use

Rick Justice Automotive Car Dealership Interstate Auto LLC Car Dealership

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Dental Office Storage Facility Plumbing Service Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

43,000 VPD
Traffic count
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby
222k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 44% Shops & Services 35% Apparel 12% Hotels & Casinos 5%
Murphy USA Shops & Services
31,107 visits/mo 0.4 miles
Books-A-Million Shops & Services
25,139 visits/mo 0.5 miles
Starbucks Dining
21,412 visits/mo 0.2 miles
Dillard's Apparel
18,761 visits/mo 0.4 miles
Cook Out Dining
16,925 visits/mo 0.4 miles

Demographics for 39301, MS

23,537
Population
11,047
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
83%
High-School Grad
260.7 sq mi
ZIP Area
90
Density / Sq Mi
$42,701
Median Household Income
$34,804
Median Earnings
$888
Median Rent
$105,800
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Leased automotive site with an existing office building and established dealership use.
Where is this nnn property located?
The property is located at 802 N Frontage Rd Meridian, MS.
What are key features of this property?
This property features: 0.38‑acre absolute NNN car lot; 1,395 SF office building included; Auto dealership use for 15+ years
More about this property
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