1200 Lasalle St - Department Store FOR SALE


Mccomb, MS 39648
$6,416,000 USD
737-205-2056
1200 Lasalle St, Mccomb, MS for Sale
$6,416,000 USD
Department Store - FOR SALE
1/4
null | 8.27% Cap Rate

1200 Lasalle St
Mccomb, MS 39648


HIGHLIGHTS

  • Offered at $6,416,000 with an 8.27% CAP rate, delivering high yield for a grocery-anchored center.
  • Located at a signalized frontage on LaSalle Street, maximizing visibility and drive-by exposure for tenants and the owner.
  • The site features Roses, Family Dollar, and T-Mobile, diversifying the tenant risk with both discount-retail and wireless service components.
  • 94% occupied at present, giving the buyer almost full occupancy and immediate cash-flow stability.
  • The center benefits from direct access to I-55 (36,737+ VPD), reinforcing Pike Mart’s role as the primary retail node for the broader Pike County.
  • Grocery Depot provides long-term stability with annual store sales averaging ~$7.5M over the last 5 years, reflecting strong local demand.

OVERVIEW

Sands Investment Group is proud to exclusively offer for sale the 133,132 SF Pike Mart Shopping Center at 1200 Lasalle Street in McComb, MS. Currently 94% leased, the center provides investors with immediate, stable cash flow. Featuring large-format anchor spaces, the property benefits from long-term tenant retention and lower re-tenanting costs compared to traditional malls or power centers, making it an ideal opportunity for a turnkey, income-producing investment at well below replacement cost. In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616

FOR SALE DETAILS

PRICE

$6,416,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

8.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pike Mart - McComb, MS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

CROSS STREETS

24th & Edgar Sts.

LAND ACRES

3.15 AC

LAND SF

137,214 SF

ZONING

C-2

APN/PARCEL ID

551095,551101,551101-A,551108

ASK ABOUT THIS PROPERTY

Ethan OffenbecherSands Investment Group Austin, LLCMore Info
737-205-2056

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Ethan OffenbecherSands Investment Group Austin, LLCMore Info
737-205-2056

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