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    2000 County Line Rd Ridgeland, MS 39157

    For Sale
    $5,232,677

    Ridgeland, MS Retail Investment Opportunity

    Property size:
    64,484 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Franklin Square, a 64,484-square-foot shopping center in Ridgeland, Mississippi, presents a compelling investment opportunity. This stabilized, 100% occupied property boasts a 9.00% cap rate and a strong net operating income (NOI) of $470,941. Anchored by a Crunch Fitness and a Sky Zone Trampoline Park, both operating under triple-net (NNN) leases, this multi-tenant retail center offers minimal landlord responsibilities. The property features a prominent location at the signalized hard corner of Old Canton Road and County Line Road, enjoying high visibility to over 36,000 vehicles daily. Built in 1982 and renovated in 2017, the center sits on a 5.81-acre lot zoned C-2A. Each tenant's lease has more than three years remaining, providing long-term stability. The asking price is $5,232,677, translating to $81.15 per square foot. The property benefits from its proximity to significant demand drivers, including the Country Club of Jackson, Northpark Mall, and major retailers such as Walmart, Lowe's, Target, Home Depot, At Home, and Chick-fil-A. This well-positioned retail center offers a secure and lucrative investment prospect.

    Property Features for 2000 County Line Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    64,484 SF
    Lot Size
    253,084 SF

    Building Details

    Year Built/Renovated
    1982/2017

    HighLights

    • 100% occupied neighborhood retail center in Madison County.
    • Signalized hard‑corner location at Old Canton Rd & County Line Rd, with visibility to over 36,000 vehicles daily.
    • Triple‑net (NNN) leases with over three years remaining on each tenant.
    • Strong nearby demand drivers including Northpark Mall, Walmart, Lowe's, Target, Home Depot, At Home, and Chick‑fil‑A.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coinstar Coin Cashing Machine Redbox Movie Rental Kiosk Crunch Fitness - Ridgeland Gym Kroger Fuel Center Gas Station Cardtronics ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeland
    County
    Madison
    State
    Mississippi
    Longitude
    -90.118803
    Latitude
    32.3995859

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    FAQs

    What type of property is this?
    Lifestyle center - Ridgeland, MS Retail Investment Opportunity
    Where is this lifestyle center located?
    The property is located at 2000 County Line Rd Ridgeland, MS.
    What is the asking price?
    The asking price for this property is $5,232,677.
    What are key features of this property?
    This property features: 100% occupied neighborhood retail center in Madison County.; Signalized hard-corner location at Old Canton Rd & County Line Rd, with visibility to over 36,000 vehicles daily.; Triple-net (NNN) leases with over three years remaining on each tenant.
    Request Owner's contact information
    2000 County Line 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
    2000 County Line Rd Ridgeland, MS 39157
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