105 Edgewood DrMcComb, MS 39648

Property Details for 105 Edgewood Dr

Lot size

0.03 AC

Property type

Retail properties

APN

592901-BA

APU

592901BA

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $207,621

  6.5%

  $191,650

  7%

  $177,961

• Comparable approach

  Method

  Valuation

  Relative Method

  $103,687

  Geo Method

  $96,631.20

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $372,468

  Mixed-Use / Specialty

  $191,480

  Hospitality / Lodging

  $141,151

  Office

  $190,877

  Institutional / Educational

  $199,246

  Residential Income

  $233,117

  Multifamily

  $276,744

  Automotive / Energy

  $170,782

  Parking / Income-Based Land

  $58,427.90

  Restaurant / Food Service

  $100,685

  Healthcare / Senior Housing

  $195,833

Location Insight

City

Mccomb

County

Pike

State

Mississippi

Latitude

31.261

Longitude

-90.4764

CBSA code

32620

CBSA name

MCCOMB, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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