The building is on 16th section land with 23 years left on the lease and a 25 year first right of refusal extension. The tenant's lease rate will be determined by the length of lease, tenant credit rating along with the work required to the building. It will be a NNN lease.
Located on the main street of downtown Brandon near the Brandon Elementary and Middle Schools, this property offers a great location opportunity for someone looking for existing restaurant space.
With its strategic downtown positioning, proximity to local schools, and convenient access to major Jackson-area amenities, the Former Penn's in Brandon presents an enticing opportunity for retail or restaurant businesses seeking to establish a prominent presence in the flourishing market. Great location near the many Rankin County offices and courthouse.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
