Bank Sale-Leaseback
For Sale
Contact for pricing
1519 Jackson Ave, Pascagoula, MS 39567
Branch facility supported by a new absolute NNN lease with scheduled annual increases and multiple renewal options.
Property Size8,275 SF
Price / SF$492.31
Days on Market153
Property Features for 1519 Jackson Ave
General Information
Standard status
Active
Size
8,275 SF
Class
A
Property subtype
Office, Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Net Operating Income
$264,800
Additional Details
Road Access
Yes
Building Details
Stories
2
Tenancy
Single
Listing Agency:
Randall Commercial Group, LLC
(662) 234-4043
Listed By:
Port Campany · License #MS 23097
Source:
Crexi
Added: Mar 30
Changed: Aug 29
Last Checked: Aug 29 at 4:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Randall Commercial Group, LLC
Investment Insights
Based on property information with market context.
The property is an 8,275-square-foot bank branch at 1519 Jackson Ave in Pascagoula, Mississippi. The facility is being offered through a sale-leaseback structure, with The Citizens Bank of Philadelphia leasing the property under a new absolute NNN agreement beginning at closing.
The lease provides an initial 15-year term, 2% annual rent increases, and five five-year renewal options. The branch occupies a high-traffic position on Jackson Avenue within Pascagoula’s central business district, providing direct access and prominent exposure. The surrounding economic base includes Ingalls Shipbuilding, Chevron Pascagoula Refinery, and Port Pascagoula, reflecting the area’s industrial and port-oriented employment profile.
The lease provides an initial 15-year term, 2% annual rent increases, and five five-year renewal options. The branch occupies a high-traffic position on Jackson Avenue within Pascagoula’s central business district, providing direct access and prominent exposure. The surrounding economic base includes Ingalls Shipbuilding, Chevron Pascagoula Refinery, and Port Pascagoula, reflecting the area’s industrial and port-oriented employment profile.
Key Highlights
- 8,275‑square‑foot bank branch at 1519 Jackson Ave
- New 15‑year absolute NNN lease beginning at closing
- The Citizens Bank of Philadelphia as the leaseback tenant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$122,358
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,447,160
$2.4M
Cap Rate 7%
$1,747,971
$1.7M
Cap Rate 9%
$1,359,533
$1.4M
Market Conditions
NOI Build-Up for 8,275 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$176.8K $21.36/SF
− Vacancy
−$13.6K −$1.64/SF
EGI
$163.1K $19.72/SF
− OpEx
−$40.8K −$4.93/SF
NOI
$122.4K $14.79/SF
Area
Jackson County, MS
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,447,160
Cap Rate 7%
$1,747,971
Cap Rate 9%
$1,359,533
Alternative Uses
Best Use
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,358 @ 7.0% cap · market cap 3.00%
Second Best
Office B
$1.68M
$1.47M – $1.96M
NOI $117,730 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,244 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
Explore this area
Business Placement
Demographics for 39567, MS
10,280
Population
4,802
Households
2.1
Avg Household Size
39
Median Age
21%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
1,606
Density / Sq Mi
$50,792
Median Household Income
$41,748
Median Earnings
$917
Median Rent
$136,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Branch facility supported by a new absolute NNN lease with scheduled annual increases and multiple renewal options.
Where is this nnn property located?
The property is located at 1519 Jackson Ave Pascagoula, MS.
What is the asking price?
The asking price for this property is $4,073,846.
What are key features of this property?
This property features: 8,275‑square‑foot bank branch at 1519 Jackson Ave; New 15‑year absolute NNN lease beginning at closing; The Citizens Bank of Philadelphia as the leaseback tenant
