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    3445 Terry Rd Jackson, MS 39212

    For Sale
    $2,520,677

    High-yield retail property, vacant, strong cap rate.

    Property size:
    13,905 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a vacant 13,905-square-foot Walgreens building situated on a 1.91-acre lot in Jackson, Mississippi. The property, built in 1998, is a single-story structure offering significant value-add potential. Currently vacant, this NNN-leased property boasts a strong 9.00% cap rate and a substantial net operating income (NOI) of $226,861. The asking price is $2,520,677, translating to a price per square foot of $181.28. The property features a corporate guarantee from Walgreens, providing a high level of security for the investment. The lease expiration date is January 31, 2027, leaving approximately 2.2 years of remaining lease term. This presents an immediate opportunity to collect rent while developing redevelopment plans for this strategically located retail space. The property's location at 3445 Terry Rd, Jackson, MS 39212, within Hinds County, offers excellent visibility and accessibility. This is a rare chance to acquire a high-performing retail asset with significant upside potential in a growing market. The property is being offered for sale by owner.

    Property Features for 3445 Terry Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,905 SF
    Lot Size
    83,200 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amber D. Wilbanks, ... Pharmacy Tiawana Ware Alexander, ... Pharmacy Mark D. Allen, ... Pharmacy Jennifer E. Taylor ... Pharmacy Cardtronics Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2252861
    Latitude
    32.2525134

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail property, vacant, strong cap rate.
    Where is this individual retail property located?
    The property is located at 3445 Terry Rd Jackson, MS.
    What is the asking price?
    The asking price for this property is $2,520,677.
    Request Owner's contact information
    3445 Terry Rd Jackson, MS 39212
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    Jackson, MS 39212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3445 Terry Rd Jackson, MS 39212
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