6360 Ridgewood Ct Dr Jackson, MS 39211-1800
- Retail space
- 128,796 SF
- 13.60 lot acres
Current Use by Public Records
- Bahl Alex MD / Optometrist
- Clark Construction Co / Construction Company
- At Home / Outdoor Furniture Store / Picture Frame Shop
Property Details for 6360 Ridgewood Ct Dr
- Year built
- 1995
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 13.60 lot acres
- Property size
- 128,796 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 0738 0009 006
- APU
- 7380009006
Description
This exceptional investment opportunity presents a 134,392 square foot At Home store located at 6360 Ridgewood Ct Dr, Jackson, MS 39211. The property boasts a strong 10.50% cap rate and a substantial net operating income (NOI) of $853,986. Secured by a corporate guarantee and an absolute NNN lease with a remaining term of 9.3 years (expiring 02/27/2034), this single-tenant retail building offers significant long-term stability. Rent increases are built in with 2% annual bumps. The property sits on a large 13.13-acre lot with ample parking (349 spaces) and is strategically positioned within a dense retail corridor, boasting 3.9 million square feet of retail space within a one-mile radius. The location benefits from high visibility and traffic counts (104,000 vehicles per day) due to its proximity to the I-55 on and off ramps. The surrounding area demonstrates strong demographics, including an affluent population with an average household income of $87,381 within a five-mile radius. Built in 1995, this one-story building is zoned for commercial use and enjoys 100% occupancy since its opening on February 7, 2018. The property is further enhanced by its proximity to major employers, including Select Specialty Hospital, Tougaloo College, and Callaway High School, as well as numerous popular national retailers such as Walmart, Target, Home Depot, and Lowe's. Lease options for 4 or 5-year extensions are available. This is a rare opportunity to acquire a high-performing, well-located retail asset with significant upside potential.
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
- -90.1379
- Latitude
- 32.3952
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA
