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Property profile & analytics
FOR LEASE
Super regional malls

1060 E County Line Rd 2B Ridgeland, MS 39157

53,594 SF 0.67 ac lot Built 1984
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US50-0702180
Property summary
AI-generated overview

This single-story, 41,904 square foot retail strip center, located in Ridgeland, MS's Madison submarket cluster, presents a unique investment opportunity. Built in 1984 and extensively renovated in 2019, the property boasts 197 parking spaces and sits on a 3.38-acre lot. Three spaces are currently available, ranging from 1,200 to 1,800 square feet, with a maximum contiguous space of 1,575 square feet and a minimum divisible space of 1,800 square feet. A total of 3,375 square feet is currently vacant. The property features a strong national and local tenant mix, benefiting from its prominent location on a busy retail corridor and convenient access to major roadways. New pylon signage was installed in 2020 at County Line and Centre Streets. The property is zoned General Commercial District C-2A and enjoys high visibility within a premier retail market area. Exterior renovations, completed in 2019, enhance the property's curb appeal. Tenant improvement allowances are available subject to lease terms. The property's former Burger and Blues location (5,668 sq ft) offers a significant opportunity for a new tenant. A site plan is available for review.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1984
Total area 53,594 SF
Lot 0.67 ac (29,040 SF)
APN 072I-31C-008/01
UPID US50-0702180
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 160 Driving Academy of Jackson Vocational School
  • World Finance Loan Service
  • Northstar Healthcare Ridgeland MS Pediatrician Physician
  • Deep South Scuba (Bike/Boat/Book/etc) Store
  • Heavy is the crown Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Us Bank NA Series 2005-pwr9 Tr · 10 yrs held
Us Bank NA Series 2005-pwr9 Tr
since 2016
3 recorded transactions
2021
Price N/A
2016
$1.9M
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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