Elton Place Shopping Center Listing Details & Market Data

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 ®

    Car-Dependent (16)

  • Bike Score ®

    Somewhat Bikeable (19)
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  • 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

Contact Listing Broker

broker

Brian Estes

The Estes Group

(601) 362-9633