SRS National Net Lease Group and Duckworth Realty are pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in Lakeland Commons Shops, a 6-tenant outparcel located in Flowood, MS (Jackson MSA). The tenant lineup is comprised of Panera Bread (drive-thru equipped), Mattress Firm, Subway, Jo’s Diner, Jackson Jewelers, and The Dapper Doughnut. Three of the six tenants renewed their lease or exercised option terms within the last three years, demonstrating their commitment to the site and signifying the strength of the location. At 100% occupancy with NNN leases, the subject property minimizes expense leakage and provides a stabilized cash flow for a future investor.

Lakeland Commons Shops is located along State Highway 25 (Lakeland Drive), a major east/west thoroughfare with 48,000 vehicles passing by daily. The subject property benefits as an outparcel to Lowe’s Home Improvement, Hobby Lobby, Ross Dress for Less, and Kohl’s, anchors that significantly increase consumer draw to the subject trade area and promotes crossover shopping within the shopping center. Other notable tenants within the trade are include ULTA, Michaels, Dick’s Sporting Goods, T.J. Maxx, HomeGoods, Belk, Target, Best Buy, Kroger, and many more, further increasing consumer draw. Flowood is a growing suburb of the Jackson, MS MSA and has seen a number of new recent developments, including Waterpointe, a 240-acre, mixed-use development which just recently broke ground in 2020. Upon completion, Westpoint will feature 800,000 SF of commercial space and 560 family homes. The 5-mile trade area is supported by an affluent population of nearly 76,000 with an average household income of $91,700.