Portfolio of properties for Sale - Madison/Ridgeland
Jackson, MS Retail Portfolio
Asking Price (Portfolio): $4,150,000?Cap Rate: 9.0% (in-place)?Combined NOI: $376,108?Optional Add-On: 1230 E County Line Rd ($2,000,000 | 9% Cap | NOI $180,802)
Two multi-tenant retail properties in Jackson and Ridgeland, MS, anchored by high-traffic corridors and major retail neighbors. Highway 18 Plaza provides a value-add lease-up opportunity, while Northpark Station delivers stabilized cash flow. County Line Retail can be added for scale.
Property 1: Highway 18 Plaza
?? 5225 Hwy 18 W, Jackson, MS
* Asking: Included in portfolio
* Building Size: 12,350 SF
* Land Area: 1.41 Acres
* Occupancy: 66% (Master Lease being offered)
* NOI: $177,898
* Gross Operating Income (GOI): $218,904
* Expenses: $46,231
* Year Built: 1986
* Parking: 53 spaces
* Traffic: 32,000 VPD
* Tenants: Subway (renewed 5-year extension), Vape Con, Super Clean LaundryHwy 18 OM_9.25.25?
* Highlights:
* Across from Walmart Supercenter & Lowe’s
* 1 mile from Jackson State University (10,000+ students)
* Strong visibility with 189’ frontage on MS-18
* Value-add in leasing vacancies
* Opportunity Zone designation
Property 2: Northpark Station
?? 201 Ring Rd, Ridgeland, MS
* Asking: Included in portfolio
* Building Size: 15,401 SF
* Land Area: 1.71 Acres
* Occupancy: 100%
* NOI: $200,655
* Gross Operating Income (GOI): $267,125
* Expenses: $62,145
* Year Built: 2005 | Renovated 2013/2018
* Parking: 89 spaces
* Traffic: 40,000 VPD
* Tenants: Subway, C&C Catering, Vap Con, Super Clean Laundry, Exclusive Cuts201 OM?
* Highlights:
* Prime Northpark Mall retail corridor location
* Service-oriented tenant mix ensures recurring demand
* Ample parking and visibility (243’ Ring Rd frontage)
* Opportunity Zone designation
Optional Add-On: County Line Retail
?? 1230 E County Line Rd, Ridgeland, MS
* Asking: $2,000,000
* Cap Rate: 9.0%
* Building Size: 11,206 SF
* Land Area: 1.71 Acres
* Occupancy: 100%
* NOI: $180,802
* Year Built: 2008
* Parking: 37 spaces
* Traffic: 40,000 VPD
* Tenants: Plato’s Closet, US Coast Guard, Wireless Wizard, Once Upon a Child
* Highlights:
* County Line corridor retail hub near Northpark Mall
* Government + national/regional tenant mix
* Strong frontage & traffic exposure
* Opportunity Zone designation
Investment Highlights
* 9.0% blended cap rate on in-place income.
* High-traffic corridors (32K–40K VPD) near Walmart, Lowe’s, and Northpark Mall.
* Stabilized + Value-Add Balance: Northpark Station (100% leased) + Hwy 18 Plaza (lease-up upside at 66% occupancy).
* Optional scalability: Add County Line for total NOI of $556,910 at 9% cap.
* Tax Incentives: All properties sit in Opportunity Zones.