3501 Terry Rd Jackson, MS 39212
This exceptional investment opportunity presents a well-maintained, multi-tenant retail center ideally situated on Terry Road in Jackson, Mississippi. The property, encompassing 20,000 square feet across three single-story buildings, boasts a desirable C3 zoning designation. Constructed in 1990 and renovated in 2010, the center offers a blend of established character and modern updates. Currently operating at 75% occupancy with a gross lease structure, the property features a remaining lease term of 5 years. The asking price is $750,000, representing a compelling $37.50 per square foot and an attractive 8.00% capitalization rate. The property's location at 3501 Terry Rd, Jackson, MS 39212 (APN 626-78-1) ensures high visibility and accessibility within a thriving commercial corridor. This is an excellent opportunity for investors seeking a stable, income-generating asset in a strong Mississippi market. The property's solid history, combined with its strategic location and current occupancy rate, makes it a highly attractive investment prospect. Further details are available upon request.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.