Investing in Retail Properties in Jackson, Mississippi can be a lucrative opportunity for savvy investors. With a population of around 100,000, Jackson offers a diverse range of retail investment opportunities, from small strip centers to large shopping malls. Retail Properties in Jackson can represent a variety of investments, including single-tenant buildings, multi-tenant strip centers, and large shopping malls. These properties can provide a steady stream of income and potentially high returns on investment. Jackson's location, infrastructure, and amenities make it an attractive place to invest in Retail Properties. The city's transportation system, which includes major highways like Interstate 55, Interstate 20, and US 80, as well as the Jackson–Medgar Wiley Evers International Airport, makes it easily accessible to customers and suppliers. Additionally, the city's water infrastructure system, although in need of repairs, is a crucial component of the city's infrastructure. The Jackson/Hinds Library System also provides a valuable resource to the community. Furthermore, Jackson is home to several institutions of higher education, including Jackson State University, Tougaloo College, and Millsaps College, which attract students and faculty who require retail services. The city's arts scene, which includes various cultural and artistic attractions, also contributes to its appeal as a retail investment destination.
With 26 Retail Properties for sale in Jackson, investors have a range of options to choose from. In addition to Retail Properties, Jackson also offers other types of investment opportunities, including Shopping Centers, which can provide a steady stream of income and potentially high returns on investment. Restaurants, with their high foot traffic and potential for long-term leases, can also be a lucrative investment opportunity. Office Properties, which can provide a stable source of income and potentially high returns on investment, are another option. Hotels, which can benefit from Jackson's tourism industry, can also be a profitable investment. Overall, Jackson's diverse range of retail investment opportunities, combined with its location, infrastructure, and amenities, make it an attractive place to invest in Retail Properties.
What is the average cap rate for retail properties in Jackson?
For investors seeking retail properties in Jackson, Mississippi, it's essential to understand the average cap rate, which currently stands at 8.95%. To better comprehend this metric, it's crucial to know what is a cap rate, as it plays a vital role in evaluating the potential return on investment for retail properties in Jackson, where you can find 26 available listings with an average price per square foot of $168 USD and an average size of 37,356 square feet, with the largest property spanning 152,400 square feet.
How do location and foot traffic affect retail property values?
In Jackson, Mississippi, the location and foot traffic of a retail property significantly impact its value, with properties situated in high-traffic areas such as downtown Jackson or near major highways like Interstate 55 and Interstate 20 tend to command higher prices due to their accessibility and visibility.
Additionally, retail properties located near popular amenities like the University of Mississippi Medical Center, Jackson State University, and the Mississippi Braves stadium, which attract a large number of people, are likely to have higher foot traffic and therefore higher property values, with the average price per square foot being $168 USD and the average size of retail properties being 37,356 square feet.
