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2845 Lakeland Dr
Flowood, MS 39232
The Citizens Bank | Flowood, MS · Retail Property For Sale
Investment Highlights
- Long-Term Investment Opportunity: 15 Year Initial Term with Absolute NNN Lease Structure and Corporate Guarantee
- The bank is an insured member of the FDIC
- Flowood leads the Jackson metro as its top retail/commercial hub, fueled by explosive growth (30%+ population surge 2010-2020)
- Established Tenant: Sale-leaseback to a top 200 regional community bank with reported assets exceeding $1.4 billion & a history spanning over 100 yrs
- Corporate Guarantee: Lease Guarantee from the banks publicly traded holding company the Citizens Hold Company (OTCQX: CIZN)
- Located along high-traffic corridors, and near major employers (Ergon, BCBS, Merit Health), airport proximity, & other corporate expansion.
Executive Summary
Randall Commercial Group, LLC is pleased to present an exceptional sale-leaseback opportunity in Flowood, MS. The property will be leased back to The Citizens Bank of Philadelphia—a well-established Mississippi-based community bank founded in 1908 with multiple branches statewide—under a new 15-year absolute NNN lease commencing at closing, featuring 2% annual rent increases and five, 5-year renewal options. Situated at on high-traffic Lakeland Drive, with ~45,000 VPD(Source: MDOT), the branch offers prime visibility, accessibility, and exposure in Flowood's bustling retail/business district. As part of the rapidly growing Jackson metro area, it benefits from major nearby employers like BCBS of MS, Merit Health, plus big-box retailers (Walmart, Target, Academy Sports) and airport/corporate proximity—in central Mississippi's most dynamic market.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Bank
Building Size
6,778 SF
Building Class
C
Year Built
1988
Price
$4,694,538 CAD
Price Per SF
$692.61 CAD
Cap Rate
6.50%
NOI
$305,145 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.07 AC
Zoning
AE
AE
Parking
24 Spaces (3.54 Spaces per 1,000 SF Leased)
Frontage
153’ on Lakeland Dr
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Waterfront
- Drive Thru
Property Taxes
| Parcel Number | E10L-000003-00910 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $308,191 CAD |
Property Taxes
Parcel Number
E10L-000003-00910
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$308,191 CAD
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