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    201 Ring Rd Ridgeland, MS 39157

    Sponsored
    For Sale
    $4,375,000

    High-Yield Retail Portfolio in MS

    Property size:
    15,401 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail investment opportunity comprises two properties totaling 28,000 net rentable square feet, located in Ridgeland and Jackson, Mississippi. The portfolio boasts 17 tenants across two Class B buildings, achieving 100% occupancy and generating a combined Net Operating Income (NOI) of $376,108, with a pro-forma NOI of $400,000. The properties, built in 2005 and renovated in 2013/2018 (one building built in 1986), feature a diverse tenant mix including Subway, and are situated in high-traffic areas with excellent visibility. The Ridgeland property, a 15,401 square foot center, benefits from its location near Northpark Mall, while the Jackson property, a 12,350 square foot center, enjoys proximity to Walmart and Lowe's. Both properties offer ample parking (89 spaces total) and are located in Opportunity Zones, presenting potential tax advantages. The portfolio is offered at an asking price of $4,375,000, representing an 8.60% capitalization rate. This fee-simple ownership opportunity provides a stable, high-yield investment with strong potential for long-term growth in a thriving retail market. The Jackson MSA boasts a low retail vacancy rate (3.2%) and positive rent growth (4.2% in the past year). The portfolio's strong tenant mix, high occupancy, and prime locations make it an attractive investment for discerning buyers seeking stable cash flow and significant return.

    Property Features for 201 Ring Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    15,401 SF
    Class
    B

    Building Details

    Year Built/Renovated
    2005/2013
    Buildings
    2
    Stories
    1
    Units
    17

    HighLights

    • 100% Occupancy: Fully leased, ensuring stable cash flow.
    • Strong Tenant Mix: Diverse mix of national and local tenants, including Subway, minimizing investment risk.
    • Prime Locations: High‑traffic areas near Northpark Mall (Ridgeland) and Walmart/Lowe's (Jackson).
    • Opportunity Zones: Located in Opportunity Zones, offering potential tax advantages.
    • Stable Financial Performance: $376,108 NOI, pro‑forma $400,000; 8.60% cap rate.
    • Excellent Accessibility & Visibility: High visibility on major thoroughfares with strong traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    G. I. Jan3 Gym Lady Quest Gym Mind, Body, and Soul ... Restaurant Smoothie Q Factory Juice Shop eXclusive Lounge & Stylez Barber Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1314011
    Latitude
    32.4004218

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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Retail Portfolio in MS
    Where is this lifestyle center located?
    The property is located at 201 Ring Rd Ridgeland, MS.
    What is the asking price?
    The asking price for this property is $4,375,000.
    What are key features of this property?
    This property features: 100% Occupancy: Fully leased, ensuring stable cash flow.; Strong Tenant Mix: Diverse mix of national and local tenants, including Subway, minimizing investment risk.; Prime Locations: High-traffic areas near Northpark Mall (Ridgeland) and Walmart/Lowe's (Jackson).
    Request Owner's contact information
    201 Ring Rd Ridgeland, MS 39157
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    Ridgeland, MS 39157
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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
    201 Ring Rd Ridgeland, MS 39157
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