2511 Ingalls AvePascagoula, MS 39567

For Sale
$882,758
High-yield retail investment, Mississippi.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a single-tenant, 16,500-square-foot Dollar General store located at 2511 Ingalls Ave, Pascagoula, MS 39567. The property boasts a 7.25% cap rate and a substantial net operating income (NOI) of $64,000 annually. Built in 2011 and renovated in 2021, this free-standing building sits on a 2.49-acre lot and benefits from a 100% occupancy rate. The investment features a long-term net lease with a corporate-guaranteed tenant, minimizing landlord responsibilities and ensuring a stable income stream. Rent bumps are included in the lease agreement. The property's prime location in a high-traffic area near residential neighborhoods and major employers guarantees consistent customer flow and long-term value. This is a low-maintenance, high-return investment opportunity with a nationally recognized tenant, offering significant potential for appreciation. The asking price is $882,758. This is a single-story building with a single unit.

Highlights

  • Single-tenant, 16,500 SF Dollar General store on a 2.49-acre lot in Pascagoula, MS.
  • 7.25% cap rate and $64,000 annual NOI.
  • Built in 2011, renovated in 2021, 100% occupancy.
  • Long-term net lease with corporate guarantee and rent bumps.
  • Prime location in high-traffic area near residential and employment centers.

Property Details for 2511 Ingalls Ave

Property type
Retail properties, Retail space
Square Feet
16,500 SF
Year Built/Renovated
2011/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
108,464 SF
Units
1

Location Insight

City
Pascagoula
County
Jackson
State
Mississippi
Latitude
30.354839613391
Longitude
-88.536985694051
2511 Ingalls Ave, Pascagoula, Mississippi

FAQs

What type of property is this?
Retail property - High-yield retail investment, Mississippi.
Where is the retail property located?
The property is located at 2511 Ingalls Ave Pascagoula, MS.
What is the asking price?
The asking price for this property is $882,758.
What are key features of this property?
This property features: Single-tenant, 16,500 SF Dollar General store on a 2.49-acre lot in Pascagoula, MS.; 7.25% cap rate and $64,000 annual NOI.; Built in 2011, renovated in 2021, 100% occupancy.
How can I contact the broker?
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2511 Ingalls Ave
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