106 Edgewood DrMcComb, MS 39648

Property Details for 106 Edgewood Dr

Year built

2022

Lot size

1.38 AC

Property size (Sq ft)

4,454 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 4,454 square foot Chick-fil-A restaurant in McComb, Mississippi. Built in 2022, the property boasts a 15-year absolute net lease with thirteen 5-year options, ensuring long-term, passive income. The lease commenced August 1st, 2024, and includes a 10% rent increase every five years throughout the primary term and options, providing significant future growth potential. The property's strong financial performance is reflected in its 4.75% cap rate and a current NOI of $258,451. Strategically located on 1.38 acres at the intersection of Interstate 55 (28,000 vehicles per day) and Veterans Blvd (10,000 vehicles per day), this Chick-fil-A benefits from high visibility and traffic counts. The site is situated in front of Uptown Mall, anchored by major retailers like Aldi, Belk, and Hobby Lobby, and is also near other national brands and a major regional medical center. This is a rare opportunity to acquire a high-performing, passively managed investment with a strong tenant and significant long-term growth prospects. The property features Chick-fil-A's latest prototype, including multiple drive-thru lanes for efficient customer service. The asking price is $5,441,074, representing a price per square foot of $1,221.62. The property is 100% occupied, with occupancy commencing December 1st, 2022. The corporate guarantee provides additional security for investors.

Location Insight

City

McComb

County

Pike

State

Mississippi

Latitude

31.261

Longitude

-90.4776

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