For Sale $799,000
Property Type Retail - Freestanding
Property Size 10,000 SF
Units 7
Lot Size 1.03 Acre
Property Tenancy Multi-Tenant
Year Built 2000
Date Updated Mar 12, 2024

Located just off of Interstate 20 on Business Center ParkwayLocated just off of I-20 in Pearl, Mississippi, Payne Realty is offering for sale this +/- 10,000 square foot fully occupied retail center. The property is seven units with a good mix of long terms tenants. The property is visible from I-20 and is sitting on just over an acre of land. The property was built in the early 2000s, and at the asking price of $799,000 reflects an in-place cap rate of approximately 10.05% or just over $79/SF in the improvements. Please call our office for more information on this property at 601-956-2020. All information is from sources considered reliable, it is not guaranteed but the brokerage or its agents.

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Highlights

Approximate in place cap rate of 10.05%
Majority of tenants have occupied for 7 + years
Value add potential with short terms and partial below market rents

Contacts

Tommy Payne

Payne Realty

(601) 956-2020

Location

Getting Around

Walk Score ®
32/100 Car-Dependent
Bike Score ®
37/100 Somewhat Bikeable

Map
Street

City Pearl, MS
Neighborhood Pearl
Zip Code 39208
Market Jackson

Points of Interest

Jackson

3.94 miles

Shell

0.34 miles
Texaco

0.40 miles
Sam's Club2

0.59 miles
Marathon

0.65 miles
Tesla Supercharger

0.94 miles
Shell

1.95 miles
Sunoco

2.63 miles
Valero

3.22 miles
Shell

3.89 miles
Chevron

3.92 miles

Parking

0.88 miles
Cell Phone Lot C

4.73 miles
Long Term Lot D

4.82 miles
Surface Lot B

4.82 miles
Parking Garage A

4.88 miles

Mugshots Grill & Bar

0.16 miles
Cracker Barrel

0.18 miles
Moss Creek Fish House

0.22 miles
O'Charley's

0.22 miles
Logan's Roadhouse

0.27 miles
Popeyes

0.28 miles
Dunkin' Donuts

0.30 miles
McDonald's

0.31 miles
Ichiban Asian Bistro

0.33 miles
Ruby Tuesday

0.39 miles

Outlets of Mississippi

1.05 miles
Save-A-Lot

1.70 miles
Kroger

1.87 miles
Walmart Supercenter

3.17 miles
Kroger

3.48 miles
McDade's Market

5.30 miles
Save-A-Lot

5.39 miles
Walmart

5.58 miles
Walmart Supercenter

5.65 miles
Big Lots

5.89 miles

Frequently Asked Questions

What is the lease rate for I-20 Business Center?

Rental asking rate at I-20 Business Center is $399,500.00/YR.

What is the total square footage of I-20 Business Center?

I-20 Business Center totals 10,000 square feet.

When was this property built?

I-20 Business Center was built in 2000.

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