1305 Ellis Ave Jackson, MS 39204-2202
- Retail space
- 13,440 SF
- 0.62 lot acres
Current Use by Public Records
- Retail space
Property Details for 1305 Ellis Ave
- Year built
- 1985
- Lot size
- 0.62 lot acres
- Property size
- 13,440 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 0301 0010 001
- APU
- 3010010001
Description
This exceptional investment opportunity presents a single-tenant, 12,940-square-foot convenience store in Jackson, Mississippi. The property, located at 1305 Ellis Ave, Jackson, MS 39204, boasts a strong corporate guarantee from Dollar Tree, a nationally recognized brand, under a Net Net lease structure, minimizing landlord responsibilities. The lease commenced on July 30, 2013, and has a remaining term of approximately 0.2 years, with two five-year renewal options, each including a 10% rent increase. The property sits on a 0.62-acre lot and features a single, one-story building constructed in 1985, currently operating at 80% occupancy. The asking price is $1,311,913, representing a price per square foot of $101.38 and a compelling 6.90% capitalization rate based on a Net Operating Income (NOI) of $90,522. The property benefits from a high-traffic location, experiencing over 23,000 vehicles per day and serving a densely populated area with over 102,000 residents within a 5-mile radius. The property is zoned for commercial use. This is an ideal investment for those seeking a stable, high-return retail asset with a strong tenant and minimal management requirements.
Value Estimation
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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
- -90.2284
- Latitude
- 32.2955
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA
