REIT Sale | Former Advance Auto Parts | 43K VPD | Kroger Adjacent

Highlights:

• 6,696 SF Value-Add Retail (Former Advance Auto Parts) Adjacent to Kroger on 1.11 Acre Parcel
• 43,449 VPD Traffic Count Frontage and Visibility on a Hard Corner along US-49
• Neighboring National Retailers: Walmart, McDonald’s, Sonic, Wendy’s, Tractor Supply, Zaxby’s, Whataburger, more

Description:

RI Marketplace Online Auction June 9-11, 2025
Register to bid on Marketplace:
https://rimarketplace.com/auction/2474/t?utm_source=brevitas&utm_medium=listing&utm_campaign=external

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 1187 Highway 49 S in Richland, MS 39218 (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount. FIRST BID MEETS RESERVE!

Built in 1999, the Property consists of a one-story, free-standing retail building containing ±6,696 gross square feet, with 36 total surface parking spaces on a ±1.11-acre parcel (±48,360 SF). The site is easily accessible via one ingress/egress curb cut and offers ±153 feet of frontage along Highway 49 S (±43,449 VPD)—the main thoroughfare through Richland—just off the intersection with Scarborough Street (±7,586 VPD). The Property offers a pylon sign and was previously occupied by Advance Auto Parts on a NNN lease and offers potntial owner-users or investors the ability to unlock significant value-add potential through lease-up at long-term market rates (CoStar estimated retail rents of $14-17/SF NNN). Zoned COM, Commercial District, the site benefits from flexible zoning that accommodates a wide range of retail and service-based uses.

The Property is located in Richland, a rapidly growing suburb of Rankin County, just 15 minutes southeast of Jackson, the capital of Mississippi. Situated within a Designated Opportunity Zone, the site may offer valuable tax incentives for qualifying investors. Strategically positioned along U.S. Highway 49, one of the state’s most heavily trafficked corridors, the Property benefits from strong visibility and easy access to Interstate 20, located less than 3 miles to the north. Positioned on a signalized hard corner adjacent to Kroger and Kroger Fuel, the site is surrounded by a dense mix of national retailers and QSRs, including Walmart, Cato, GameStop, Dollar General, McDonald’s, Burger King, Wendy’s, and Tractor Supply Co., along with various hospitality, automotive, and service-oriented businesses that generate consistent daily-needs traffic. The area is further supported by local demand drivers such as Richland Middle and High Schools, serving a combined 1,300+ students. Additionally, the surrounding employment base includes numerous distribution centers and industrial parks, with Jackson–Medgar Wiley Evers International Airport just 12-minutes away. With ±38,492 residents and an average household income of nearly ±$70k within a 5-mi area, the Property is ideally positioned to serve commuter and residential demand, making it a compelling acquisition for a wide range of end uses.

William Head
c/o Fisher Auction Company Inc.
License: 892
Broker #: 19794