Retail Space
1260 High Street Jackson, MS 39202
Details & Description
Price: $1,267,000
    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
    • 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
    1260 High Street | for Sale | Thumbnail 1
    1260 High Street | for Sale | Thumbnail 2
    1260 High Street | for Sale | Thumbnail 3
    Building Size: 3,015 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $420.23
    Land $/SF:
    Price
    $1,267,000
    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

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    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.

    Common Questions and Answers

    What is the asking price for 1260 High Street in Jackson?
    The asking price for 1260 High Street is $1,267,000
    What is the building size of this Retail property in Jackson, MS?
    The size of the building/unit at 1260 High Street in Jackson is 3,015 square feet
    What is the population within 1 mile of 1260 High Street in Jackson?
    The population within 1 mile of 1260 High Street Jackson, MS 39202 is 3,905 people.
    Who do I contact for questions about 1260 High Street?
    You should contact the listing agent, Matthew Mousavi, for any details regarding this commercial listing.

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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