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1340 Echelon Pky
Jackson, MS 39213
Entergy · Office Property For Sale
PROPERTY FACTS
About 1340 Echelon Pky , Jackson, MS 39213
The Entergy Nuclear Building is the headquarters building for Entergy Nuclear located at 1340 Echelon Parkway in Jackson, Mississippi. This ±142,198 SF, six-story, class A, office tower, is the centerpiece of Entergy’s corporate campus at Echelon Business Park, which also houses Entergy’s data center, training facility, and transmission headquarters. The Property is currently 100% occupied and offers investors a stable income stream. Entergy Operations Inc has been the anchor occupant at the Entergy Nuclear Building since it was built in 1989, and has since made massive investments at the campus in critical facilities that support the Company’s ongoing operations. The original lease commenced in July 1989, the tenant has continued to extend over the years, and is currently on their 10th amendment with their term through July 2026. There is an additional tenant, Riverland Credit Union, occupying ±270 SF through 7/31/2019. Located on a ±12 AC parcel, this Property is the headquarters of Entergy Nuclear, a business unit of Entergy Corporation that employs approximately 6,000 highly skilled professionals. Entergy delivers electricity to ±2.7M utility customers in Arkansas, Louisiana, Mississippi and Texas and it is the 2nd largest nuclear generator in the United States. The building was constructed in 1988 in a crescent shape, with a back patio space along a small lake. The Property offers a helipad on the south edge of the campus and a spacious parking lot immediately to the north of the building which provides employees quick access to the building (Parking Ratio of 3.24/1,000 SF). Entergy Corp (NYSE: ETR), (“Entergy”) is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy boasts an investment grade credit rating (BBB+) and was ranked number 241 on the FORTUNE 500 list in 2015. The Company earned over $10.8B in revenue in 2016 and employs ±14,000 people. Entergy has created a campus-like setting at Echelon Parkway which contains four main facilities including this Property, The Entergy Nuclear Building at 1340 Echelon Pwky, a ±53,000 SF primary data center (not included in offering), Transmission Headquarters (not included in offering), and “The Powerhouse”, a professional development center with lodging, dining, and meeting space (not included in offering). In total, Entergy has invested approximately $100 million in their campus at Echelon. Investors have a unique opportunity to acquire this stabilized headquarters building at a substantial discount to replacement cost. The Entergy Nuclear Building is the only property on Entergy’s campus that is owned by an outside investor, demonstrating Entergy’s commitment to the location. Located in Jackson, the City is the most populated, urbanized area in Mississippi and continues to rank among Forbes magazine’s Top 100 places in the country to do business. Metro Jackson has a population of approximately ±576,800 people and the skilled workforce has enabled the region to attract new companies and expand upon the current economy in a concentrated effort to keep industry jobs local. Jackson, the hub for the state’s government, education, and healthcare, boasts seven (7) colleges and junior colleges, and thirteen (13) hospitals. The Property is ideally located within a lakefront campus setting with quick access from Interstate 220 (±0.5 miles).
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PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $1,472,937 |
Land Assessment | $130,430 | Total Assessment | $1,603,367 |
PROPERTY TAXES
- 0000-3000-019
- 0000-3000-019
Learn More About Investing in Office Space
Listing ID: 14309855
Date on Market: 11/6/2018
Last Updated:
Address: 1340 Echelon Pky, Jackson, MS 39213
The Office Property at 1340 Echelon Pky, Jackson, MS 39213 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.