2603 Denny Ave Pascagoula, MS 39567-2414
Property profile & analytics
2603 Denny Ave Pascagoula, MS 39567-2414
- Turn key restaurants
- 2,366 SF
- 0.57 lot acres
Property ID
US50-0401083
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Krystal / Restaurant / Take-out & Catering
Property Details for 2603 Denny Ave
- Year built
- 1985
- Lot size
- 0.57 lot acres
- Property size
- 2,366 SF
- Property type
- Turn key restaurants
- APN
- 41702981.000
- APU
- 41702981000
Description
This exceptional investment opportunity presents a 2,290-square-foot Krystal restaurant in Pascagoula, Mississippi. Located on Denny Avenue (Highway 90), a major retail corridor with over 27,090 vehicles daily, this property benefits from high visibility and accessibility. The single-tenant, 100% occupied building features a drive-thru and sits on a 0.77-acre lot. Built in 1985 and renovated in 2016, the property is under a 15-year NNN lease with Krystal, commencing June 1, 2017, and expiring May 31, 2032. Approximately 7.5 years remain on the primary lease term, with six 5-year renewal options. The lease includes 5% rent increases every 5 years, the next occurring in June 2027. This absolute NNN lease structure ensures zero landlord responsibilities for operating or capital expenses. The property's strategic location near Singing River Hospital (a major employer), Walmart, Lowe's, and other prominent retailers, further enhances its value. The area boasts a strong economic base, anchored by Chevron's largest U.S. refinery and the Port of Pascagoula. The asking price is $967,755, representing a 7.00% cap rate and a price per square foot of $422.60. This presents a compelling investment opportunity with a long-term, stable tenant and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Pascagoula
- County
- Jackson
- State
- Mississippi
- Longitude
- -88.5367
- Latitude
- 30.3728
- CBSA code
- 25060
- CBSA name
- GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,759
$13,137
$31,164
$44,301
-
$87,580
$207,757
$295,337
