Jackson MS Retail Portfolio

Cedar William proudly presents two exceptional retail investment opportunities located in the flourishing markets of Ridgeland and Jackson, Mississippi. These properties offer investors 100% fee simple ownership in fully leased, well-maintained retail centers situated in high-traffic areas with strong tenant mixes and stable cash flow. Both assets are located in Opportunity Zones, offering potential tax benefits and long-term growth.
Property 1: Northpark Station, 201 Ring Rd, Ridgeland, MS
This 15,023-square-foot retail strip center is an outparcel strategically located in the vibrant Northpark Mall retail corridor, one of the busiest shopping destinations in the Jackson Metropolitan Statistical Area (MSA). Built in 2005 and renovated in 2013/2018, the property boasts a diverse mix of tenants, including Subway, C&C Catering, Vap Con, Super Clean Laundry, and Exclusive Cuts. The tenant mix ensures a stable and consistent income stream, reducing investment risk.
Size: 15,023 SF
Land Area: 1.71 acres
Year Built: 2005 | Renovated: 2013/2018
Occupancy: 100%
Tenants: Subway, C&C Catering, Vap Con, Super Clean Laundry, Exclusive Cuts
NOI: $200,655 | Expenses: $62,145
Parking: 89 spaces
WALT: 3.49 years
Frontage: 243' on Ring Rd | 141' on Wheatley St
Traffic Count: 40,000 VPD
Opportunity Zone: Yes
Highlights:
Located in a high-traffic retail corridor near Northpark Mall, with proximity to major retailers like Dillard’s, JCPenney, and Belk, ensuring consistent foot traffic.
Strong tenant mix provides stable rental income and reduces risk.
Ample parking with 89 spaces, offering convenience to both customers and tenants.
Economic resilience in Ridgeland, driven by strong sectors such as healthcare, education, and finance.
Property 2: Highway 18 Plaza, 5225 Hwy 18 W, Jackson, MS
Highway 18 Plaza is a 12,350-square-foot multi-tenant retail strip center located in the growing market of Jackson, Mississippi. This property is positioned across from Walmart Supercenter and Lowe’s, two major retail anchors that consistently drive significant traffic to the area. Built in 1986 on a 1.41-acre parcel, Highway 18 Plaza is meticulously maintained and enjoys 100% occupancy. Tenants include Subway, C&C Catering, Vape Con, Super Clean Laundry, and Exclusive Cuts, providing a strong tenant mix with steady foot traffic and reliable cash flow.
Size: 12,350 SF
Land Area: 1.41 acres
Year Built: 1986
Occupancy: 100%
Tenants: Subway, C&C Catering, Vape Con, Super Clean Laundry, Exclusive Cuts
NOI: $172,396 | Expenses: $45,880
Parking: 53 spaces
WALT: 2.86 years
Frontage: 189' on MS-18 Hwy | 32,000 VPD
Opportunity Zone: Yes
Highlights:
Positioned across from Walmart Supercenter and Lowe’s, attracting high traffic and visibility.
Strong tenant mix and 100% occupancy provide a reliable stream of rental income.
Easy highway access with excellent frontage and visibility along a high-traffic corridor.
Proximity to Jackson State University, contributing to steady demand from over 10,000 students.
Market Overview
Both properties are located in the Jackson Metropolitan Statistical Area (MSA), which is experiencing positive growth in the retail sector. The overall retail vacancy rate in Jackson stands at 3.2%, a decrease of 0.7% from the previous year. Rents have increased by 4.2% over the past 12 months, with the average rent currently at $16.70 per square foot. Jackson’s retail market has absorbed over 360,000 square feet of space in the past year, with several major developments underway. This market continues to attract investors due to its low vacancy rates, positive rent growth, and strong retail demand.
The Greater Jackson area benefits from a diverse economy, with key industries including healthcare, education, retail, and finance. The population of Jackson is approximately 145,995, with the greater metro area boasting around 580,000 residents. The region’s strong labor force participation, excellent educational infrastructure, and vibrant commercial activity contribute to the continued demand for retail space.
Investment Highlights
100% Occupancy: Both properties are fully leased, ensuring stable cash flow.
Strong Tenant Mix: The properties feature a diverse mix of national and local tenants, reducing investment risk and ensuring a steady stream of rental income.
Prime Locations: Northpark Station is located in a bustling retail corridor near Northpark Mall, while Highway 18 Plaza is positioned near Walmart and Lowe’s, major anchors that drive substantial traffic.
Opportunity Zones: Both properties are located in designated Opportunity Zones, offering potential tax benefits for long-term investors.
Stable Financial Performance: Combined Net Operating Income (NOI) of over $373,051 across both properties, with consistent demand and reliable tenants.
Excellent Accessibility and Visibility: Both properties benefit from prime frontage on major thoroughfares, with traffic counts of 40,000 VPD at Northpark Station and 32,000 VPD at Highway 18 Plaza.