Elton Place Shopping Center

4611 Terry Road, Jackson, MS 39212

  • For Sale $600,000
  • Property Type Retail - Strip
  • Property Size 14,740 SF
  • Lot Size 2 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1989
  • Date Updated Apr 2, 2024
The center is conveniently located just off I-55 where Elton Road meets Terry Road. It is just minutes north of the Byram area.Great investment opportunity! Elton Place Shopping Center has been owned locally by a father/son partnership since 2003 and with a master lease of warehouse it could be delivered as 100% Occupied with a 10.58% In-Place Cap Rate. This center has great historical occupancy and is a rare value-added opportunity. The exterior of the center has painted in 2019. Well located near I-55 and minutes away from Byram, this center is on a heavily traveled retail corridor with great visibility.Contact Brian Chadwick for Additional Lease Information. [email protected]; 601-573-2782

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Highlights

  • 14,740 +/- SF Shopping Center
  • 100% Occupied (with Master Lease of Warehouse)
  • 10.58% Cap Rate (Based on 100% Occupancy)
  • New Exterior Paint (2019)
  • 40 (+/-) Parking Spaces Available
  • Agent/Owner (Brian E. Estes
  • Great location on Terry Road
  • Parking Lot needs some repairs (Estimated $25,000 - $35,000)
  • Priced well below replacement costs
  • Both Dollar General and Family Dollar have built locations across the street in the past 3 years
  • 7 New HVAC Systems were replaced 2021 and 2022
  • Electrical Upgrade for HVAC Systems (moved to roof)

Contacts

broker

Brian Estes

The Estes Group

(601) 362-9633

Location

Getting Around

  • Walk Score ®

    16/100 Car-Dependent

  • Bike Score ®

    19/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Jackson, MS
  • Neighborhood Citizens Southwest
  • Zip Code 39212
  • Market Jackson

Points of Interest

  • Jackson

    6.18 miles

  • Tesla Supercharger

    6.36 miles

  • Sam's Club2

    6.41 miles

  • Cefci

    6.70 miles

  • Shell

    6.94 miles

  • Valero

    6.98 miles

  • Texaco

    7.00 miles

  • Marathon

    7.02 miles

  • Shell

    7.26 miles

  • Exxon

    7.73 miles

  • Shell

    8.54 miles

  • Parking

    6.66 miles

  • Resident Lot

    9.26 miles

  • Baptist Healthplex Parking

    9.31 miles

  • Resident Lot

    9.33 miles

  • Parking Garage

    9.46 miles

  • Commuter Lot

    9.51 miles

  • Faculty/Staff Lot

    9.52 miles

  • Sonic

    2.69 miles

  • Steak Escape

    2.70 miles

  • McDonald's

    2.74 miles

  • McCallister's Deli

    2.75 miles

  • Raising Cane's

    2.75 miles

  • Burger King

    2.76 miles

  • Newk's Eatery

    2.77 miles

  • Chick-fil-A

    2.79 miles

  • Back Yard Burgers

    2.81 miles

  • McDonald's

    4.51 miles

  • Walmart Supercenter

    2.91 miles

  • Walmart Supercenter

    4.80 miles

  • Kroger

    5.03 miles

  • Walmart Supercenter

    5.24 miles

  • Metrocenter Mall

    5.36 miles

  • Grocery Depot

    5.93 miles

  • Outlets of Mississippi

    6.24 miles

  • Save-A-Lot

    7.80 miles

  • Walmart Supercenter

    8.07 miles

  • Save-A-Lot

    8.28 miles

Frequently Asked Questions

What is the lease rate for Elton Place Shopping Center?

Rental asking rate at Elton Place Shopping Center is $300,000.00/YR.

What is the total square footage of Elton Place Shopping Center?

Elton Place Shopping Center totals 14,740 square feet.

When was this property built?

Elton Place Shopping Center was built in 1989.

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Contact Listing Broker

broker

Brian Estes

The Estes Group

(601) 362-9633