For Auction
REIT Sale | Former NAPA Auto Parts | 23K VPD | Jackson, MS
Jackson, MS 39206Represented by
Marcus & Millichap
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 5608 N State Street in Jackson, Mississippi is a vacant ±6,000 SF freestanding retail building on ±0.75 acres offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount. Formerly occupied by NAPA Auto Parts, the 2007-built Property features 26 surface parking spaces, two curb cuts, ±159 feet of frontage along US Highway 51/N State Street, and ±171 feet along Culley Drive. The signalized intersection sees combined traffic exceeding 23,000 VPD, including ±17,245 VPD on N State Street and ±6,447 VPD on Presto Lane. I-55 is approximately one mile away and carries ±89,000 VPD, providing convenient access throughout the Jackson metro. Nearby users include CarMax, Chili’s, Dollar General, Sonic, AAMCO, Exxon, and other commercial businesses. I-2, Heavy Industrial zoning, supports a broad range of potential commercial and industrial uses. The surrounding five-mile trade area includes ±100,644 residents with average household income of approximately $66,806.
Due Diligence
Location
Positioned at 5608 N State Street on US Highway 51 at the signalized intersection with Presto Lane in Jackson's North Jackson submarket, the Property sits ±1-mile west of I-55 (±89K VPD) and just ±10-min from downtown Jackson, near national retailers such as CarMax, Chili's, Dollar General, Sonic, Aamco Transmissions, Exxon, and the Salvation Army.
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Platform Fee
Buyer pays platform fee at closing.
5% or $20,000 minimum
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
