For Sale
$3,990,000

4001 Denny AvePascagoula, MS 39581

High-Yield Retail Investment, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional 8,400 square foot shopping center in Pascagoula, Mississippi, presents a compelling investment opportunity. Located at 4001 Denny Ave, this single-story, 1.06-acre property boasts a strong lineup of national tenants including Aspen Dental, AT&T, OneMain Financial, and Holiday Cannabis, all operating under NNN leases. The center enjoys 100% occupancy, generating a substantial net operating income (NOI) of $260,174, translating to a 6.52% cap rate at an asking price of $3,990,000 ($475/sq ft). Built in 2017, the property is in excellent condition and features ample parking (50 spaces). Long-term leases are in place, incorporating rent bumps upon renewal, ensuring consistent and growing income. The property benefits from its location near a Walmart Supercenter, providing significant traffic and visibility. This is a rare opportunity to acquire a well-positioned, high-performing retail investment with exceptional tenant credit and a secure financial outlook. The four units are situated in one building, offering ease of management and maintenance. This is a turnkey investment ready for immediate income generation.

Highlights

  • $3,990,000 asking price for this 8,400 square foot shopping center.
  • Located at 4001 Denny Ave, Pascagoula, MS 39581, this Net Leased property boasts a 6.52% cap rate.
  • The property features four tenants: Aspen Dental, AT&T, OneMain Financial, and Holiday Cannabis, all on NNN leases with corporate guarantees.
  • 100% occupancy with a strong NOI of $260,174.
  • The property includes 50 parking spaces on a 1.06-acre lot and offers rent bumps.

Property Details for 4001 Denny Ave

Property type
Lifestyle centers, Power centers
Square Feet
8,400 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
46,174 SF
Units
4

Location Insight

City
Pascagoula
County
Jackson
State
Mississippi
Latitude
30.382980523036
Longitude
-88.519695443959
4001 Denny Ave, Pascagoula, Mississippi

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Investment, 100% Occupied
Where is the lifestyle center located?
The property is located at 4001 Denny Ave Pascagoula, MS.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: $3,990,000 asking price for this 8,400 square foot shopping center.; Located at 4001 Denny Ave, Pascagoula, MS 39581, this Net Leased property boasts a 6.52% cap rate.; The property features four tenants: Aspen Dental, AT&T, OneMain Financial, and Holiday Cannabis, all on NNN leases with corporate guarantees.
How can I contact the broker?
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4001 Denny Ave
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