For Sale
$1,851,000

105 Edgewood Dr McComb, MS 39648

High-yield Starbucks NNN lease, McComb, MS

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a newly constructed (2023), 2,200 square foot Starbucks located at 105 Edgewood Dr, McComb, MS 39648. The property sits on a 0.63-acre lot in a high-visibility corner location on State Route 570/Veterans Boulevard (12,000 AADT), with excellent access to Interstate 55 (29,000 AADT). This outparcel is situated within Uptown McComb, a major shopping center boasting over 236,000 square feet of retail space, six anchor tenants, and 45 total stores. Beneficial neighboring businesses include Chick-fil-A (with a dual-lane drive-thru) and a Walmart Supercenter. Additional nearby national retailers enhance the property's appeal. The 10-year net lease (NN+) with Starbucks Corporation, a credit-rated tenant with a corporate guarantee, commenced December 1, 2023, and includes rent bumps. The property's strong location, coupled with the tenant's financial strength and the lease terms, provides a compelling investment opportunity with a 6.35% cap rate and a current NOI of $117,500. The asking price is $1,851,000. The substantial population within a 15-mile radius (48,372 residents) ensures a large and stable customer base. This property is ideal for a 1031 exchange. The site features a drive-thru and patio seating.

Highlights

  • High-visibility location on State Route 570/Veterans Boulevard (12,000 AADT).
  • Excellent access to Interstate 55 (29,000 AADT), connecting to New Orleans.
  • Infill outparcel to Uptown McComb, a 236,000+ SF retail center with six anchor tenants and 45 stores.
  • Adjacent to Chick-fil-A with a dual-lane drive-thru and a Walmart Supercenter.
  • Proximity to Lowe's, McDonald's, Applebee's, Arby's, Zaxby's, and Golden Corral.
  • 48,372 residents within a 15-mile radius.

Property Details for 105 Edgewood Dr

Property type
Retail properties
Square Feet
2,200 SF
Year Built
2023
Lot Size (sq. ft)
27,443 SF

Location Insight

City
McComb
County
Pike
State
Mississippi
Latitude
31.2609046
Longitude
-90.47748

FAQs

What type of property is this?
Retail property - High-yield Starbucks NNN lease, McComb, MS
Where is the retail property located?
The property is located at 105 Edgewood Dr McComb, MS.
What is the asking price?
The asking price for this property is $1,851,000.
What are key features of this property?
This property features: High-visibility location on State Route 570/Veterans Boulevard (12,000 AADT).; Excellent access to Interstate 55 (29,000 AADT), connecting to New Orleans.; Infill outparcel to Uptown McComb, a 236,000+ SF retail center with six anchor tenants and 45 stores.
How can I contact the broker?
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105 Edgewood Dr
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