Retail Space - For Sale
1260 High Street Jackson, MS 39202
Details & Description
Price: $1,267,000
  • Property Type Retail for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 3,015
  • Building Price per Sq Ft $420.23
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, drive-thru equipped, corporate guaranteed, Arby’s investment property located in Jackson, MS. The tenant, RTM Operating Company, LLC (RTMOC), has approximately 7 years remaining in their initial lease term. RTMOC became the largest Arby’s franchisee with over 780 units, and was purchased by Arby’s Restaurant Group, Inc. in 2005. Arby’s is the second-largest quick-service sandwich restaurant chain in America in terms of units with more than 3,400 restaurants and third in terms of revenue. The lease is NNN with landlord responsibilities limited to roof, structure, HVAC (only repairs over $500 per occurrence), making it an ideal, low-management investment opportunity for a passive investor. This Arby’s location experiences strong unit level sales, having to pay an additional $23,199 in percentage rent for 2020 (contact Agent for details).Arby’s is strategically located prominently along High Street (20,000 VPD) with direct on/off ramp access to the adjacent Interstate 55 (107,000 VPD), the main north/south freeway traveling from Chicago to New Orleans. The property is ideally located just outside of downtown Jackson, the largest city and capital to Mississippi. In addition, Arby’s is across the street from the Mississippi Coliseum (6,500 seat multi-purpose arena) and State Fairgrounds, which hosts the annual state fair in October attracting an average of 600,000 attendees annually. The mile-long midway offers free entertainment, livestock shows, carnival rides, and 120,000 SF of exhibits as the main attractions. The site is also surrounded by a number of hotels such as the Comfort Inn, Best Western, Holiday inn, Hampton Inn, Red Roof Inn, & more, boasting over 600+ combined rooms and providing a direct consumer base from which to draw from. Jackson University is also located just 2.5 miles west of the property, giving Arby’s close access to nearly 9,000 students currently enrolled. The 5-mile trade area is supported by nearly 113,000 residents and 128,000 daytime employees. Residents within 1 mile of the subject property feature an average household income of $63,000.
Listing Agents
Matthew Mousavi

O: 949-698-1116
M: 714-404-8849
matthew.mousavi@srsre.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1260 High Street

Jackson, MS 39202

Listing ID: 255697
$1,267,000
For Sale
  • Property Type Retail for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 3,015
  • Building Price per Sq Ft $420.23
  • 1260 High Street Jackson, MS 39202 | for Sale | Photo 1
  • 1260 High Street Jackson, MS 39202 | for Sale | Photo 2
  • 1260 High Street Jackson, MS 39202 | for Sale | Photo 3
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Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, drive-thru equipped, corporate guaranteed, Arby’s investment property located in Jackson, MS. The tenant, RTM Operating Company, LLC (RTMOC), has approximately 7 years remaining in their initial lease term. RTMOC became the largest Arby’s franchisee with over 780 units, and was purchased by Arby’s Restaurant Group, Inc. in 2005. Arby’s is the second-largest quick-service sandwich restaurant chain in America in terms of units with more than 3,400 restaurants and third in terms of revenue. The lease is NNN with landlord responsibilities limited to roof, structure, HVAC (only repairs over $500 per occurrence), making it an ideal, low-management investment opportunity for a passive investor. This Arby’s location experiences strong unit level sales, having to pay an additional $23,199 in percentage rent for 2020 (contact Agent for details).

Arby’s is strategically located prominently along High Street (20,000 VPD) with direct on/off ramp access to the adjacent Interstate 55 (107,000 VPD), the main north/south freeway traveling from Chicago to New Orleans. The property is ideally located just outside of downtown Jackson, the largest city and capital to Mississippi. In addition, Arby’s is across the street from the Mississippi Coliseum (6,500 seat multi-purpose arena) and State Fairgrounds, which hosts the annual state fair in October attracting an average of 600,000 attendees annually. The mile-long midway offers free entertainment, livestock shows, carnival rides, and 120,000 SF of exhibits as the main attractions. The site is also surrounded by a number of hotels such as the Comfort Inn, Best Western, Holiday inn, Hampton Inn, Red Roof Inn, & more, boasting over 600+ combined rooms and providing a direct consumer base from which to draw from. Jackson University is also located just 2.5 miles west of the property, giving Arby’s close access to nearly 9,000 students currently enrolled. The 5-mile trade area is supported by nearly 113,000 residents and 128,000 daytime employees. Residents within 1 mile of the subject property feature an average household income of $63,000.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Jackson History of Retail Space for Sale

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Jackson Area Market Trends

Listing Demographics for 1260 High Street Jackson, MS 39202

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population3,90535,593112,697
Population Median Age393736
Population by Age0-9 Yrs257 (6%)3638 (10%)15429 (13%)
10-19 Yrs217 (5%)5153 (14%)16185 (14%)
20-29 Yrs1086 (27%)7576 (21%)20205 (17%)
30-39 Yrs652 (16%)4723 (13%)14797 (13%)
40-49 Yrs356 (9%)3492 (9%)11756 (10%)
50-59 Yrs599 (15%)4270 (11%)13848 (12%)
60-69 Yrs471 (12%)3666 (10%)11038 (9%)
70+ Yrs266 (6%)3075 (8%)9439 (8%)
Median HH Income$36,459$34,950$36,752
Total Household Income< 24K729 (33%)4956 (36%)15184 (35%)
25-49K595 (27%)3813 (28%)12286 (28%)
50-74K347 (15%)1962 (14%)6811 (15%)
75-99K117 (5%)899 (6%)3306 (7%)
100-199K270 (12%)1340 (9%)4151 (9%)
200K+112 (5%)573 (4%)1243 (2%)
Highest Education LevelNo Diploma339402210990
Diploma or GED485578220463
Some College732518617099
Assoc. Degree16510965076
Bachelors Degree708396610302
Higher Degree66227337205
Total Housing Units2,52216,90952,115
--Owner-Occupied3425,31020,421
--Renter-Occupied1,8298,23322,560
Owner-Occupied Values< 100K69288611478
100-199K9711885842
200-299K935371324
300-399K36274690
400-499K16143394
500K+30283694
Total Working Age Population3,59230,06188,317
In Work Force2,37616,53653,728
Not In Work Force1,21613,52534,589
Workforce Employed2,27714,66847,393
Workforce Unemployed891,8386,299
Civlian Workforce2,36616,50653,693
Military Workforce103035
Total Households2,17013,54442,981
Family Households5416,26423,883
Non-Family Households1,6297,28019,099
Married Couple3593,01511,616
Other Family1823,24912,267
Married w/Child811,0114,072
Single Male w/Child0217845
Single Female w/Child941,2425,302

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Mississippi2,844,658+42,967,297+33,066,382+13,104,159
Hinds County250,800-2245,285+4255,246+1258,390
Rankin County115,327+23141,617+12158,225+1160,175

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Jackson-Medgar Wiley Evers International Airport (JAN) 6
Monroe Regional Airport (MLU) 110
Gulfport Biloxi International Airport (GPT) 146