380 W Woodrow Wilson Ave | Jackson, MS 39213
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380 W Woodrow Wilson Ave
Jackson, MS 39213
Dollar General · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corner lot, next to large medical facility, close to downtown Jackson, has additional pad for future development
EXECUTIVE SUMMARY
The original store was a Rite Aid building built in 1999. Then in 2018, Walgreens bought the lease from Rite Aid. They closed the store down and it went dark for several months in 2023.. However, they sub-leased it to Dollar General in September 2023 and there are 5 years left on the NN lease that expires 2/2029.. Landlord responsible for roof and structure. New roof membrane installed in 2019. Seller looking to do a 1031 Exchange in the $2.2m to $2.4m range with a cap of 7.5%+. Additional pad for future development, extra large lot at over 2 acres.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
11,060 SF
Building Class
B
Year Built/Renovated
1999/2023
Price
$1,900,000
Price Per SF
$172
Cap Rate
7.63%
NOI
$144,990
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.11 AC
Opportunity Zone
Yes
Zoning
commercial - commercial
Parking
75 Spaces (6.5 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 0402-0001-004 | Improvements Assessment | $75,659 |
| Land Assessment | $44,807 | Total Assessment | $120,466 |
PROPERTY TAXES
Parcel Number
0402-0001-004
Land Assessment
$44,807
Improvements Assessment
$75,659
Total Assessment
$120,466
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