REIT Sale | Former Advance Auto Parts | 19K VPD | Jackson, MS

Highlights:

• 6,752 SF Value-Add Retail (Former Advance Auto Parts) in Jackson, MS
• 19,571 VPD Traffic Count Frontage and Visibility along Ellis Ave; Near Signalized Intersection with Additional 19K VPD
• Neighboring National Retailers: McDonald’s, Walgreens, AutoZone, Wendy’s, Taco Bell, Captain D’s, Planet Fitness, and more

Description:

RI Marketplace Online Auction June 9-11, 2025
Register to bid on Marketplace:
https://rimarketplace.com/auction/2478/t?utm_source=brevitas&utm_medium=listing&utm_campaign=external"

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 1259 Ellis Avenue in Jackson, Mississippi 39209 (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, providing an attractive opportunity for both owner/users and investors to acquire a high-visibility asset in a well-trafficked commercial corridor. FIRST BID MEETS RESERVE!

Constructed in 1998, the Property features a one-story, ±6,752-square-foot building situated on a ±0.51-acre parcel (±22,523 SF) with 29 surface parking spaces. The site provides ±155 feet of frontage along Ellis Avenue (±19,571 vehicles per day) and benefits from excellent access via a single curb cut just off the signalized intersection at John R Lynch Street (±19,792 VPD). Previously leased on a triple net (NNN) basis to Advance Auto Parts, the Property includes a prominent pylon sign and presents a compelling value-add leasing opportunity. The Property offers potential 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 $10-$13/SF NNN). Zoned C-3, General Commercial, the Property allows for a broad range of retail and service-based uses, enhancing its long-term repositioning potential.

The Property is located in Jackson, Mississippi, the state’s capital and largest city, within Hinds County and the South Jackson submarket. Positioned just off I-20 (±88,275 VPD) at Exit 42, the site offers excellent accessibility to major transportation corridors, including I-220 (±64,559 VPD) and Highway 80, facilitating regional connectivity. The surrounding area features a strong mix of national retailers such as Walgreens, AutoZone, McDonald’s, Wendy’s, Dollar General, and Planet Fitness, which cater to both local residents and transient traffic along I-20. The Property is located just ±10-min from downtown Jackson and benefits from close proximity to major educational and healthcare institutions. Jackson State University, located ±2-Mi, is one of the largest historically Black colleges and universities (HBCUs) in the country, with nearly 9,000 students enrolled. The Property is also situated ±4-min from Merit Health Central, a 319-bed acute care hospital, and ±15-min from the University of Mississippi Medical Center, the state’s only academic medical center and largest healthcare employer with 864-beds. Nearby attractions such as the Mississippi State Fairgrounds, Mississippi Civil Rights Museum, and the Mississippi Museum of Art further contribute to consistent traffic and economic activity in the area. The Property is positioned in a dense and established trade area, with ±46,264 residents within a 3-Mi radius and ±91,358 residents within a 5-Mi radius, boasting an average household income of $57,826.

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