1803 Pike Point Pl - Restaurant FOR SALE


Mccomb, MS 39648
$2,540,000 USD
678-613-7327
1803 Pike Point Pl, Mccomb, MS for Sale
$2,540,000 USD
Restaurant - FOR SALE
1/15
null | 4.38% Cap Rate

1803 Pike Point Pl
Mccomb, MS 39648


HIGHLIGHTS

  • Incredible A+ real estate - signalized 4-way intersection at off ramp to Interstate 55 and combined traffic counts of approximately 40,000 VPD.
  • Outparcel to Lowe’s and across from Chick-Fil-A and Starbucks, with nearby retailers, McDonalds, ALDI, Hobby Lobby, Marshalls, Five Below, AT&T, etc.
  • True NNN with 2% annual rent increases and low rent per sq/ft and two five-year options.
  • ±4,983 SF building on ±1.04 acres with large pylon sign facing immediately adjacent I-55.
  • Successful franchisee of a growing brand with national presence of 30 locations in 10 states.
  • Nancy Miller MS License #: S-49841 | Bull Realty MS License #: 19258

OVERVIEW

This true NNN The Juicy Seafood, located in McComb, MS, is an incredible piece of retail real estate. What more could you want: a signalized 4-way intersection at the off ramp of Interstate 55, a combined traffic count of almost 40K VPD, a location across from Chick-Fil-A and Starbucks, and an outparcel to Lowe’s. This offering is all about good food, a good time and an outstanding location. Other nearby national retailers include McDonalds, ALDI, Hobby Lobby, Marshalls, Five Below, AT&T, Walmart, Ross, Belk and more. This Cajun casual dining experience is not really a cap rate deal, but instead a real estate play. The ±4,983 SF building, a former Ruby Tuesday, sits on a ±1.04-acre corner outparcel. The Juicy Seafood has an absolute NNN lease with approximately 6 years remaining on a 10-year term, 2% annual rent bumps, two 5-year renewal options, and a low rent per sq/ft. In addition, there are no landlord responsibilities. This growing brand has grown to 30+ locations including one international location in Belgium. McComb loves The Juicy Seafood. Cajun seafood restaurants are increasing in popularity as demonstrated by a 300% increase in online searches for seafood boils in the past five years and The Juicy Seafood is positioning itself to seize this market. This location is well-received, getting an average 4.1-star Yelp review with over 430 reviews. The experienced franchise operator has four locations in the southeast. Located in Pike County, McComb is the largest hub between the state capital of Jackson and New Orleans along I-55. The area has a presence of regional distribution facilities for companies such as Coca-Cola, Pepsi, John Deere and AGUP. Five-mile demographics include a population of over 22,000, an average household income over $60,000 and dining out stats according to ESRI that are higher than the national average. For ground lease buyers, this is a coup! Have your land and building too! The combination of a successful casual dining concept with the quality of real estate makes this an unusual and very attractive investment to add to your portfolio. It is priced at $2,540,000 with a 4.6% blended cap rate for the remaining initial term.

FOR SALE DETAILS

PRICE

$2,540,000 USD

PRICE/SF

$494 USD /SF

CAP RATE

4.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Juicy Seafood | NNN Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

C-PL

APN/PARCEL ID

521144-B

ASK ABOUT THIS PROPERTY

Nancy MillerBull Realty Inc.More Info
678-613-7327

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Nancy MillerBull Realty Inc.More Info
678-613-7327

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.