Current Use by Public Records
- Retail properties & Spaces
Property Details for 4680 Frontage Rd
- Year built
- 2018
- Lot size
- 0.53 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 4,186 square foot, single-tenant, freestanding retail building in Jackson, Mississippi. Located at 4680 Interstate 55 North Frontage Rd, this Class B property sits on a 0.53-acre lot and is 100% occupied by a Generator Supercenter under a Net Lease agreement. Built in 2018 and fully renovated in 2024, the building boasts a modern design with floor-to-ceiling windows. The current lease commenced December 26, 2023, and runs for five years with a five-year renewal option at a 10% rent increase. The lease structure is highly favorable to the landlord, with responsibilities limited to the foundation, exterior walls, and roof (roof replacement costs can be amortized over ten years). The tenant is responsible for all other maintenance, including parking lot upkeep, CAM, property taxes, insurance, and utilities. The property offers a strong 8.50% cap rate and a compelling price per square foot of $190.47. With a strong tenant and a favorable lease, this is an ideal addition to any portfolio. The property's APN is 511-504. The NOI is $67,771. This is a single-story building.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Hinds
- State
- Mississippi
- Longitude
- -90.151
- Latitude
- 32.3584
