1803 Pike Point Pl McComb, MS 39648
NNN leased restaurant property with strong location and income potential.
Building Details
- Year built
- 2020
Source:
Bullrealty
Listing Agent: Nancy Miller, Ccim, Mba
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Profitable Restaurant Investment Opportunity
The property is a restaurant located just off Interstate 55 in McComb, MS. The restaurant, The Juicy Seafood, opened in 2020 in a building that was formerly a 4,983 square foot Ruby Tuesday. The Juicy Seafood is a growing Cajun dining concept with 30 locations in 10 states. The operator has four locations in the region. The restaurant is located at the signalized off ramp of Interstate 55 and Veteran’s Blvd, with combined cross street and highway traffic counts of over 40,000 vehicles per day. It is an outparcel to Lowe’s and is situated across the street from Chick-Fil-A and Starbucks. Other national retailers in the immediate area include McDonalds, ALDI, Hobby Lobby, Marshalls, Five Below, AT&T, Walmart, Ross, and Belk. Coca-Cola, Pepsi, John Deere and AGUP have regional distribution facilities in the area. The absolute NNN lease has over 5 years remaining on the initial 10-year term, with 2% annual rent increases and two 5-year renewal options. McComb, MS is the largest metro area between Jackson and New Orleans, along I-55. Drive times are between 1 hour and 1 hour 45 minutes to Baton Rouge, Hattiesburg, Jackson, and New Orleans. The five-mile population is over 22,000 with an average household income of over $60,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Juicy Seafood McComb
Seafood Restaurant
Location Insight
- Map
- Local Demand
- City
- McComb
- County
- Pike
- State
- Mississippi
- Longitude
- -90.477471
- Latitude
- 31.259857
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FAQs
What type of property is this?
Conventional restaurant - NNN leased restaurant property with strong location and income potential.
Where is this conventional restaurant located?
The property is located at 1803 Pike Point Pl McComb, MS.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: - NNN lease with over 5 years remaining and 2% annual rent increases.; - Attractive 6.2% cap rate on in-place NOI, priced at $1,795,000.; - Located at a signalized intersection off Interstate 55 with high traffic counts (over 40K VPD).