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Pike Mart - McComb, MS 1200 Lasalle St 133,132 SF 94% Leased Retail Building Mccomb, MS 39648 $8,847,215 CAD ($66.45 CAD/SF) 8.27% Cap Rate
INVESTMENT HIGHLIGHTS
- Offered at $6,416,000 with an 8.27% CAP rate, delivering high yield for a grocery-anchored center.
- The site features Roses, Family Dollar, and T-Mobile, diversifying the tenant risk with both discount-retail and wireless service components.
- The center benefits from direct access to I-55 (36,737+ VPD), reinforcing Pike Mart’s role as the primary retail node for the broader Pike County.
- Located at a signalized frontage on LaSalle Street, maximizing visibility and drive-by exposure for tenants and the owner.
- 94% occupied at present, giving the buyer almost full occupancy and immediate cash-flow stability.
- Grocery Depot provides long-term stability with annual store sales averaging ~$7.5M over the last 5 years, reflecting strong local demand.
EXECUTIVE SUMMARY
Sands Investment Group is proud to exclusively offer for sale the 133,132 SF Pike Mart Shopping Center at 1200 Lasalle Street in McComb, MS. Currently 94% leased, the center provides investors with immediate, stable cash flow. Featuring large-format anchor spaces, the property benefits from long-term tenant retention and lower re-tenanting costs compared to traditional malls or power centers, making it an ideal opportunity for a turnkey, income-producing investment at well below replacement cost.
In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616
In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
133,132 SF
Building Class
C
Year Built
1971
Price
$8,847,215 CAD
Price Per SF
$66.45 CAD
Cap Rate
8.27%
NOI
$731,488 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.97
Lot Size
3.15 AC
Opportunity Zone
Yes
Zoning
C-2 - General Commercial
Parking
500 Spaces (3.76 Spaces per 1,000 SF Leased)
Frontage
265’ on LaSalle St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Citi Trends
- Retailer
- 11,036 SF
- $6.51 CAD
- -
- Mar 2030
- Dollar Tree
- Retailer
- 9,000 SF
- $11.03 CAD
- Triple Net
- Feb 2031
- Family Dollar
- Retailer
- 10,981 SF
- $7.35 CAD
- Triple Net
- Dec 2030
- Grocery Depot (Roberts Company)
- Retailer
- 20,980 SF
- $5.45 CAD
- Triple Net
- Nov 2031
- It's Fashion
- Retailer
- 5,000 SF
- $8.96 CAD
- Triple Net
- Jan 2028
- Pike Mart Packages
- Retailer
- 4,500 SF
- $3.68 CAD
- Triple Net
- Oct 2034
- Roses (Variety Wholesalers)
- Wholesaler
- 31,371 SF
- $5.28 CAD
- -
- Feb 2031
- Sally Beauty
- Retailer
- 3,000 SF
- $12.71 CAD
- -
- Jun 2029
- Super 10
- Retailer
- 7,157 SF
- $4.37 CAD
- Triple Net
- Jan 2029
- Superior Rent-to-Own
- Retailer
- 7,220 SF
- $5.27 CAD
- Triple Net
- Oct 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Citi Trends | Retailer | 11,036 SF | $6.51 CAD | - | Mar 2030 | |
| Dollar Tree | Retailer | 9,000 SF | $11.03 CAD | Triple Net | Feb 2031 | |
| Family Dollar | Retailer | 10,981 SF | $7.35 CAD | Triple Net | Dec 2030 | |
| Grocery Depot (Roberts Company) | Retailer | 20,980 SF | $5.45 CAD | Triple Net | Nov 2031 | |
| It's Fashion | Retailer | 5,000 SF | $8.96 CAD | Triple Net | Jan 2028 | |
| Pike Mart Packages | Retailer | 4,500 SF | $3.68 CAD | Triple Net | Oct 2034 | |
| Roses (Variety Wholesalers) | Wholesaler | 31,371 SF | $5.28 CAD | - | Feb 2031 | |
| Sally Beauty | Retailer | 3,000 SF | $12.71 CAD | - | Jun 2029 | |
| Super 10 | Retailer | 7,157 SF | $4.37 CAD | Triple Net | Jan 2029 | |
| Superior Rent-to-Own | Retailer | 7,220 SF | $5.27 CAD | Triple Net | Oct 2026 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $261,262 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$261,262 CAD
CONTACTS
-
Ethan Offenbecher -
Dave Wirgler -
Baker Baine -
Zuhare Rizvon -
Sands Investment Group Austin, LLC
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Pike Mart - McComb, MS | 1200 Lasalle St
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