For Sale
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5250 I 55 Frontage RdJackson, MS 39211

162,142 SF Shopping Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
98
Deville Plaza, a 162,142 square foot shopping center in Jackson, Mississippi, is a prime value-add investment opportunity. This fee-simple, bank-owned foreclosure property consists of three, single-story buildings on 13.89 acres (APN: 0507-0250-000, 0507-0250-002, 0507-0252-000, 0507-0251-000). Built in 1976 and renovated in 1997, the Class B center features 17 units with 100% occupancy. The property is strategically located along the I-55 corridor in Hinds County, offering excellent visibility and accessibility. Key tenants include CVS (with a long-term lease), Ace Hardware, Planet Fitness, Napa Auto Parts, and 4th & Goal, along with several smaller businesses. Two Lamar Advertising billboard leases provide additional income streams. A significant value-add opportunity exists with a vacant 46,245 square foot space, suitable for various uses. The property is zoned C-3. Auction date: April 29th - May 1st, 2024.

Highlights

  • High-visibility Jackson, MS location with I-55 access.
  • Historic landmark building with architectural character.
  • Stable income from long-term CVS lease (7.5+ years remaining).
  • Value-add opportunity: 46,000+/- SF vacant mid-box space plus potential for upgrades and lease optimization.

Property Details for 5250 I 55 Frontage Rd

Property type
Lifestyle centers, Power centers
Square Feet
162,142 SF
Class
B
Year Built/Renovated
1976/1997
Buildings
3
Stories
1
Lot Size (sq. ft)
605,048 SF
Units
17

Location Insight

City
Jackson
County
Hinds
State
Mississippi
Latitude
32.3689353
Longitude
-90.1478898
5250 I 55 Frontage Rd, Jackson, Mississippi

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5250 I 55 Frontage Rd
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