1803 Pike Point Pl - Restaurant FOR SALE


Mccomb, MS 39648
$1,795,000 USD
678-613-7327
1803 Pike Point Pl, Mccomb, MS for Sale
$1,795,000 USD
Restaurant - FOR SALE
1/15
null | 6.2% Cap Rate

1803 Pike Point Pl
Mccomb, MS 39648


HIGHLIGHTS

  • Former 4,983 SF Ruby Tuesday is now a NNN lease to The Juicy Seafood since 2020, a chain of over 30 locations in 10 states.
  • Successful Cajun concept at signalized 4-way intersection at offramp to Interstate 55 with over 40K VPD.
  • Outparcel to Lowe’s and across from Chick-Fil-A and Starbucks, with nearby retailers, McDonalds, ALDI, Hobby Lobby, Marshalls, Five Below, and more.
  • True NNN with 2% annual rent increases and low rent per sq/ft and two five-year options.
  • True NNN with 2% annual rent increases and low rent per sq/ft and two five-year options. | Ideal for a fee simple or ground lease investors.
  • Price adjusted to $1,795,000 or a 6.2% cap with annual 2% rent increases!

OVERVIEW

The Juicy Seafood, located just off Interstate 55 in McComb, MS, is a great NNN option for a first-time or seasoned investor. This growing Cajun dining concept has 30 locations in 10 states. Formerly a ±4983 SF Ruby Tuesday, The Juicy Seafood opened this location in 2020, attracting diners from far and wide. The experienced operator has 4 locations in the region. The restaurant is prominently located at the signalized off ramp of Interstate 55 and Veteran’s Blvd. with combined cross street and highway traffic counts of over 40K VPD. The Juicy Seafood is an outparcel to Lowes and is situated across the street from Chick-Fil-A and Starbucks. Other national retailers in the immediate area include McDonalds, ALDI, Hobby Lobby, Marshalls, Five Below, AT&T, Walmart, Ross, Belk, and more. Coca-Cola, Pepsi, John Deere and AGUP have regional distribution facilities in the area as well. The absolute NNN lease has over 5 years remaining on the initial 10-year term. There are 2% annual rent increases and two 5-year renewal options. The price has been adjusted to $1,795,000 or an attractive 6.2% cap rate on in-place NOI with the next increase scheduled for 12/1/25! McComb, MS is the largest metro area between the state capital of Jackson and New Orleans, along I-55. Drive times are between 1 hour - 1 hour & 45 minutes to Baton Rouge, Hattiesburg, Jackson, and New Orleans. The five-mile population is over 22,000 with an average household income of over $60,000.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

6.2%

% 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 Notice.