1519 Jackson Ave - Bank FOR SALE


Pascagoula, MS 39567
$4,073,846 USD
662-234-4044
1519 Jackson Ave, Pascagoula, MS for Sale
$4,073,846 USD
Bank - FOR SALE
1/6
null | 6.5% Cap Rate

1519 Jackson Ave
Pascagoula, MS 39567


HIGHLIGHTS

  • Long-Term Investment Opportunity: 15 Year Initial Term with Absolute NNN Lease Structure and Corporate Guarantee
  • Established Tenant: Sale-leaseback to a top 200 regional community bank with reported assets exceeding $1.4 billion & a history spanning over 100 yrs
  • The bank is an insured member of the FDIC
  • Corporate Guarantee: Lease Guarantee from the banks publicly traded holding company the Citizens Holding Company (OTCQX: CIZN)
  • Prime Location: Strategically located in Pascagoula's central business district along a key corridor
  • The branch benefits from steady traffic from major industrial anchors—Ingalls Shipbuilding, Chevron Pascagoula Refinery, & Port Pascagoula

OVERVIEW

Randall Commercial Group, LLC is pleased to present an exceptional sale-leaseback opportunity in Pascagoula, MS. The property will be leased back to The Citizens Bank of Philadelphia—a well-established MS-based community bank founded in 1908 with multiple branches statewide—under a new 15-year absolute NNN lease commencing at closing, featuring 2% annual rent increases and five 5-year renewal options. Situated on high-traffic Jackson Avenue, the branch offers prime visibility, accessibility, and exposure in Pascagoula's central business district. As the anchor of the Mississippi Gulf Coast's premier industrial and port-driven hub, Pascagoula benefits from massive nearby employers like Ingalls Shipbuilding (Huntington Ingalls Industries, MS's largest private employer with ~11K workers), Chevron Pascagoula Refinery (the state's largest refinery), and Port Pascagoula(generating $18.3B+ in annual economic output and supporting 28,000+ jobs statewide)—solidifying southern Mississippi’s core economic market.

FOR SALE DETAILS

PRICE

$4,073,846 USD

PRICE/SF

$579 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Citizens Bank | Pascagoula, MS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

AE

APN/PARCEL ID

4-14-11-150.000,4-14-11-151.000

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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