105 Edgewood Dr Mccomb, MS 39648-2043

Property Details for 105 Edgewood Dr

Lot size

0.03 lot acres

Property type

Retail properties

APN

592901-BA

APU

592901BA

Description

This exceptional investment opportunity presents a newly constructed (2023), 2,200 square foot Starbucks located at 105 Edgewood Dr, McComb, MS 39648. The property sits on a 0.63-acre lot in a high-visibility corner location on State Route 570/Veterans Boulevard (12,000 AADT), with excellent access to Interstate 55 (29,000 AADT). This outparcel is situated within Uptown McComb, a major shopping center boasting over 236,000 square feet of retail space, six anchor tenants, and 45 total stores. Beneficial neighboring businesses include Chick-fil-A (with a dual-lane drive-thru) and a Walmart Supercenter. Additional nearby national retailers enhance the property's appeal. The 10-year net lease (NN+) with Starbucks Corporation, a credit-rated tenant with a corporate guarantee, commenced December 1, 2023, and includes rent bumps. The property's strong location, coupled with the tenant's financial strength and the lease terms, provides a compelling investment opportunity with a 6.35% cap rate and a current NOI of $117,500. The asking price is $1,851,000. The substantial population within a 15-mile radius (48,372 residents) ensures a large and stable customer base. This property is ideal for a 1031 exchange. The site features a drive-thru and patio seating.