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Lowe's Strip Center 940 E County Line Rd

7,527 SF 100% Leased Retail Building Ridgeland, MS 39157 $2,162,096 ($287/SF) 8.25% Cap Rate

Retail Buildings Mississippi Ridgeland 940 E County Line Rd, Ridgeland, MS 39157

Investment Highlights

  • Lowe's Outparcel surrounded by national retailers
  • Exceptional traffic counts
  • 4.5 years nad 7 years remaining on NNN Leases
  • Busy cooridor with frontage on E County Line Rd
  • Rencent Renewals showing Commitment to the location

Executive Summary

Great 8.25% cap rate deal. Outparcel to Lowes Center adjacent to Canes and across the street from Chick Fil A on highly trafficked East County Line Rd. Long term tenants with multiple renewals and established businesses in the market. Surrounded by national retailers. Both tenants exercised recent reneweals at higher rent showing firther commitment to the property. Verizon operator is the largest in the country. 7 years remain on Honeybaked Ham lease and 4.5 years remain on the Verizon lease.
Co-Listed with AJ Kiamie from Kiamie Real Estate

Attachments

940 East County Line Road 8.6.24RD

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,527 SF
Building Class
B
Year Built
2005
Price
$2,162,096
Price Per SF
$287
Cap Rate
8.25%
NOI
$178,373
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.22 AC
Zoning
C-2 - Commercial

Amenities

  • Signage
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940 E County Line Rd, Ridgeland, MS - aerial map view

Nearby Major Retailers

Title Cash
Starbucks
Sam's Southern Eatery
Jason's Deli
Logan's Roadhouse
Regions Bank
Altitude Trampoline Park
Chase Bank
McAlister's Deli
Olive Garden Italian Kitchen

PROPERTY TAXES

Parcel Number 072I-31C-007-02-00 Improvements Assessment $0
Land Assessment $0 Total Assessment $205,521

PROPERTY TAXES

Parcel Number
072I-31C-007-02-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$205,521
(818) 466-6443

Contact

  • Listing ID: 32393663

  • Date on Market: 7/9/2024

  • Last Updated:

  • Address: 940 E County Line Rd, Ridgeland, MS 39157

More public record information on 940 E County Line Rd, Ridgeland, MS 39157

The Retail Property at 940 E County Line Rd, Ridgeland, MS 39157 is currently available for sale. Contact Peak Commercial for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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940 E County Line Rd, Ridgeland, MS for sale Building Photo- Image 1 of 8
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940 E County Line Rd, Ridgeland, MS for sale Building Photo- Image 2 of 8
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940 E County Line Rd, Ridgeland, MS for sale Building Photo- Image 3 of 8
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940 E County Line Rd, Ridgeland, MS for sale Building Photo- Image 4 of 8
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940 E County Line Rd, Ridgeland, MS for sale Building Photo- Image 5 of 8
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940 E County Line Rd, Ridgeland, MS for sale Building Photo- Image 6 of 8
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940 E County Line Rd, Ridgeland, MS for sale Aerial- Image 7 of 8
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Lowe's Strip Center | 940 E County Line Rd
(818) 466-6443 x

Lowe's Strip Center | 940 E County Line Rd

Charlie Romanak

(818) 466-6443

(818) 466-6443

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