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Total Building GLA
3,321 SF
Base Term
15-Year
Year Built
2024
Attractive Increases
10% Every 5 Years
Corporate
Guaranty
INVESTMENT HIGHLIGHTS
Long-Term Absolute NNN Ground Lease Brand-new 15-year Absolute NNN ground lease with zero landlord responsibilities
Guaranty from Nation’s Largest Bank JP Morgan Chase Bank, the largest U.S. Bank by both assets and branch locations
Attractive Rent Increases 10% every 5 years: two rent bumps in the base term
Part of Lakeland Commons 465K+ SF, 98.7%-occupied, regional shopping center that sees over 5.8 million annual visits according to Placer.ai. Tenants include Kohl’s, Hobby Lobby, Ross, Starbucks and Lowe’s (shadow)
Near Major Traffic Drivers Surrounded by many national retailers such as Target (83rd percentile in Mississippi per Placer), Kroger, Lowe’s (97th percentile nationwide per Placer.ai), Hobby Lobby (98th percentile per Placer.ai), Ross, and many more
Signalized Access to the Site Located at the signalized intersection of Lakeland Drive (47K+ VPD) and East Metro Parkway (15K+ VPD)
High-Traffic Trade Area Located off Lakeland Drive, the area’s primary east-west thoroughfare with access to I-55 and downtown Jackson
High-Growth and Affluent Demographics 74K+ residents within 5 miles and average household income of $109K+ within 3 miles
