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The Juicy Seafood | NNN Investment 1803 Pike Point Pl 4,983 SF Retail Building Mccomb, MS 39648 $2,505,676 CAD ($502.84 CAD/SF) 6.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Former 4,983 SF Ruby Tuesday is now a NNN lease to The Juicy Seafood since 2020, a chain of over 30 locations in 10 states.
- Outparcel to Lowe’s and across from Chick-Fil-A and Starbucks, with nearby retailers, McDonalds, ALDI, Hobby Lobby, Marshalls, Five Below, and more.
- True NNN with 2% annual rent increases and low rent per sq/ft and two five-year options. | Ideal for a fee simple or ground lease investors.
- Successful Cajun concept at signalized 4-way intersection at offramp to Interstate 55 with over 40K VPD.
- True NNN with 2% annual rent increases and low rent per sq/ft and two five-year options.
- Price adjusted to $1,795,000 or a 6.2% cap with annual 2% rent increases!
EXECUTIVE SUMMARY
The Juicy Seafood, located just off Interstate 55 in McComb, MS, is a great NNN option for a first-time or seasoned investor. This growing Cajun dining concept has 30 locations in 10 states. Formerly a ±4983 SF Ruby Tuesday, The Juicy Seafood opened this location in 2020, attracting diners from far and wide. The experienced operator has 4 locations in the region.
The restaurant is prominently located at the signalized off ramp of Interstate 55 and Veteran’s Blvd. with combined cross street and highway traffic counts of over 40K VPD. The Juicy Seafood is an outparcel to Lowes and is situated across the street from Chick-Fil-A and Starbucks. Other national retailers in the immediate area include McDonalds, ALDI, Hobby Lobby, Marshalls, Five Below, AT&T, Walmart, Ross, Belk, and more. Coca-Cola, Pepsi, John Deere and AGUP have regional distribution facilities in the area as well.
The absolute NNN lease has over 5 years remaining on the initial 10-year term. There are 2% annual rent increases and two 5-year renewal options. The price has been adjusted to $1,795,000 or an attractive 6.2% cap rate on in-place NOI with the next increase scheduled for 12/1/25!
McComb, MS is the largest metro area between the state capital of Jackson and New Orleans, along I-55. Drive times are between 1 hour - 1 hour & 45 minutes to Baton Rouge, Hattiesburg, Jackson, and New Orleans. The five-mile population is over 22,000 with an average household income of over $60,000.
The restaurant is prominently located at the signalized off ramp of Interstate 55 and Veteran’s Blvd. with combined cross street and highway traffic counts of over 40K VPD. The Juicy Seafood is an outparcel to Lowes and is situated across the street from Chick-Fil-A and Starbucks. Other national retailers in the immediate area include McDonalds, ALDI, Hobby Lobby, Marshalls, Five Below, AT&T, Walmart, Ross, Belk, and more. Coca-Cola, Pepsi, John Deere and AGUP have regional distribution facilities in the area as well.
The absolute NNN lease has over 5 years remaining on the initial 10-year term. There are 2% annual rent increases and two 5-year renewal options. The price has been adjusted to $1,795,000 or an attractive 6.2% cap rate on in-place NOI with the next increase scheduled for 12/1/25!
McComb, MS is the largest metro area between the state capital of Jackson and New Orleans, along I-55. Drive times are between 1 hour - 1 hour & 45 minutes to Baton Rouge, Hattiesburg, Jackson, and New Orleans. The five-mile population is over 22,000 with an average household income of over $60,000.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,983 SF
Building Class
C
Year Built
2020
Price
$2,505,676 CAD
Price Per SF
$502.84 CAD
Cap Rate
6.20%
NOI
$155,268 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.04 AC
Zoning
C-PL
Parking
81 Spaces (16.26 Spaces per 1,000 SF Leased)
Frontage
175’ on Smithdale Rd
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signalized Intersection
- Wheelchair Accessible
- Monument Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Juicy Seafood
- Accommodation and Food Services
- 4,983 SF
- -
- Triple Net
- Nov 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Juicy Seafood | Accommodation and Food Services | 4,983 SF | - | Triple Net | Nov 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 521144-B | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $290,209 CAD |
PROPERTY TAXES
Parcel Number
521144-B
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$290,209 CAD
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The Juicy Seafood | NNN Investment | 1803 Pike Point Pl
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