201 Ring Rd, Ridgeland, MS 39157
- Super regional malls
- 15,401 SF
Current Use by Public Records
- G. I. Jan3 / Gym & Fitness Center
- Lady Quest / Gym & Fitness Center
- Mind, Body, and Soul Foodz / Restaurant
- Smoothie Q Factory / Specialty Food Shop / (Bike/Boat/Book/etc) Store
- eXclusive Lounge & Stylez / Barber Shop
Property Details for 201 Ring Rd
- Year built
- 2004
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- 072I-31D-001/01.05
- APU
- 072I31D0010105
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 11, 2019 | — | Favor In 4 LLC | — | Deed · related | $3.9M · Starwood Mtg Cap |
| May 6, 2019 | — | Favor In 4 LLC | — | Deed · related | $129k · Community Bk/ms |
| Apr 6, 2017 | — | Favor In 4 LLC | — | Deed · related | $125k · Community Bk/ms |
| Feb 1, 2017 | — | Favor In 4 LLC | — | Deed · related | $956k · Community Bk/ms |
| Feb 15, 2013 | — | Favor In 4 LLC | Branch Bkng & Trust Co | Quit Claim Deed · related | $624k · Trustmark National Bank |
| Nov 28, 2011 | $1,220,000 | Branch Bkng & Trust Co | Clement,w Rodney JR | Trustees Deed · related | — |
| Aug 8, 2005 | — | Northpark Station LLC | Owner,record | Grant Deed · related | — |
| Jan 13, 2004 | — | Northpark Station LLC | Owner,record | Grant Deed · related | — |
| Jan 3, 2004 | — | Record Owner | Owner,record | Quit Claim Deed · related | — |
| — | — | Favor In 4 LLC | — | Deed Of Trust · related | $129k · Community Bk/ms |
| — | — | Favor In 4 LLC | — | Deed Of Trust · related | $770k · Hope FCU |
| — | — | Favor In 4 LLC | — | Deed Of Trust · related | $3.9M · Starwood Mtg Cap |
| — | — | Favor In 4 LLC | — | Deed Of Trust · related | $956k · Community Bk/ms |
| — | — | Favor In 4 LLC | — | Deed Of Trust · related | $125k · Community Bk/ms |
Description
This exceptional retail investment opportunity comprises two properties totaling 28,000 net rentable square feet, located in Ridgeland and Jackson, Mississippi. The portfolio boasts 17 tenants across two Class B buildings, achieving 100% occupancy and generating a combined Net Operating Income (NOI) of $376,108, with a pro-forma NOI of $400,000. The properties, built in 2005 and renovated in 2013/2018 (one building built in 1986), feature a diverse tenant mix including Subway, and are situated in high-traffic areas with excellent visibility. The Ridgeland property, a 15,401 square foot center, benefits from its location near Northpark Mall, while the Jackson property, a 12,350 square foot center, enjoys proximity to Walmart and Lowe's. Both properties offer ample parking (89 spaces total) and are located in Opportunity Zones, presenting potential tax advantages. The portfolio is offered at an asking price of $4,375,000, representing an 8.60% capitalization rate. This fee-simple ownership opportunity provides a stable, high-yield investment with strong potential for long-term growth in a thriving retail market. The Jackson MSA boasts a low retail vacancy rate (3.2%) and positive rent growth (4.2% in the past year). The portfolio's strong tenant mix, high occupancy, and prime locations make it an attractive investment for discerning buyers seeking stable cash flow and significant return.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Ridgeland
- County
- Madison
- State
- Mississippi
- Longitude
- -90.1312
- Latitude
- 32.4005
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA
