3865 Denny Ave Pascagoula, MS 39581
- Retail properties
- 2,230 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3865 Denny Ave
- Year built
- 2025
- Lot size
- 1.00 lot acres
- Property size
- 2,230 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, 2,230 square foot Starbucks located in Pascagoula, Mississippi. Situated on approximately one acre, this single-tenant property boasts a 10-year net lease with a credit-rated tenant, offering significant long-term stability. The lease commenced October 30, 2024, and expires February 28, 2035, with six, five-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. The property benefits from its strategic location on US Highway 90, providing high visibility and accessibility to approximately 31,000 vehicles per day. This outparcel is part of a larger, approximately $20 million retail development and is adjacent to a high-traffic Walmart Supercenter, attracting an estimated 2.7 million annual visitors. The property's strong location, coupled with the established Starbucks brand and favorable lease terms, makes this a compelling investment with a 6.15% cap rate and a Net Operating Income (NOI) of $149,968. The building was constructed in 2025 and enjoys 100% occupancy. This investment is further strengthened by the significant increase in daytime population within a one-mile radius, enhancing the long-term potential of this prime retail location. The tenant is investment grade (S&P: BBB+).
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pascagoula
- County
- Jackson
- State
- Mississippi
- Longitude
- -88.5224
- Latitude
- 30.3813
