Property profile

1060 E County Line Rd Ridgeland, MS 39157

FOR LEASE
Super regional malls
Property ID
US50-0702180
53,594 SF 0.67 ac lot Built 1984
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Vocational School
  • Loan Service
  • Pediatrician Physician
  • (Bike/Boat/Book/etc) Store
  • Hair Salon

Location

1060 E County Line Rd Ridgeland, MS 39157
Ridgeland metro Census 30105 JACKSON, MS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2016
3 recorded transactions
2021
Price N/A
2016
$1.9M
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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