Investment Highlights

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
» New 20-year absolute NNN ground lease
» Tenant is responsible for taxes, insurance, and all maintenance
» No landlord management, making it an ideal investment opportunity for an out-of-area investor
» Leased to one of the largest Wendy’s franchisees, with 160 units

HIGH-TRAFFIC LOCATION NEAR LARGE RETAILERS, EMPLOYERS, AND COMMUNITY HUBS
» Shadow-anchored by Costco Wholesale and Gasoline, drawing significant traffic to the area
» Immediate access to Interstate 55 (119,000 AADT), a major north-south Ridgeland thoroughfare
» Beneficial proximity to Holmes Community College (5,678 students) and walking distance from Highland Elementary School (719 students), providing excellent visibility
» Surrounded by several malls and shopping centers with retailers including Walmart Supercenter, Home Depot, Target, Lowe’s, Best Buy, Barnes & Noble, Sam’s Club, and many more

CENTRAL LOCATION IN A POPULOUS, AFFLUENT, AND DENSE RETAIL CORRIDOR
» Population of 96,439 within a five-mile radius of the location, creating a large customer base for the site
» Average annual household income of $168,153 within one mile of the location
» Projected ten percent average annual household income increase within a five mile radius of the site in the next five years, poising Wendy’s and Ridgeland for concurrent growth
» Located less than eleven miles from the state’s capital, Jackson (160,628 population)

Property Description

SOLD

The property is located at the hard corner intersection of Highland Colony Parkway and Lake Harbour Drive, with excellent visibility and access to 8,500 vehicles per day directly in front of the property. The property is shadow-anchored by a Costco Wholesale with its gasoline pumps located immediately next to the site, drawing significant traffic to the area. The property maintains a beneficial proximity to Holmes Community College (5,678 students) and is within walking distance of Highland Elementary School (719 students), providing excellent visibility and access to potential customers. The property is supported by a large, affluent customer base. 96,439 residents live within five miles of the site, with an average annual household income of $168,153 within a one-mile radius of the location. The average household income exceeds $84,000 within one-, three-, and five mile radii of the site. The average annual household income is projected to increase ten percent within a five-mile radius of the site in the next five years, poising Wendy’s and Ridgeland for concurrent growth.

The property is surrounded by several malls and shopping centers (the Renaissance at Colony Park, Ridgewood Court, Odyssey North Shopping Center, Country Club Village, Colonial Mart Shopping Center, and the Junction) all within a five-mile radius, driving significant traffic to the area. Notable major retailers nearby along Interstate 55 include the Home Depot, Target, PetSmart, Apple Store, Barnes & Noble, Dollar Tree, and many more. The property provides immediate access to Interstate 55 (119,000 AADT), greatly increasing traffic to the site. Interstate 55 serves as one of Ridgeland’s primary commercial thoroughfares running North-South from New Orleans to Memphis and runs through the state capital of Jackson. The property is centrally located less than eleven miles from downtown Jackson (160,628 population), the capital of Mississippi. In 2019, 24.7 million visitors from across the country and the world spent a record $6.7 billion in Mississippi.