2511 Ingalls AvePascagoula, MS 39567

Property Details for 2511 Ingalls Ave

Year built

2011

Lot size

2.49 AC

Property size (Sq ft)

16,763 SF

Property type

Outlet malls

APN

40407008.000

APU

40407008000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,907,704

  6.5%

  $3,607,111

  7%

  $3,349,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,222,315

  Geo Method

  $3,003,038

• Alternative Use

  Use

  Valuation

  Residential

  $3,042,733

  Hospitality

  $2,787,127

  Educational

  $2,318,857

  Medical

  $2,398,606

  Retail

  $3,607,111

Location Insight

City

Pascagoula

County

Jackson

State

Mississippi

Latitude

30.3553

Longitude

-88.5368

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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