Moss Point, MS - Ruby Tuesday

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased investment property located in Moss Point, Mississippi. The property offers more than 11 years of remaining primary lease term with four (4) 5-year renewal options, providing stable, long-term contractual income and extension potential. The lease features rental increases every 5 years throughout the primary term and at the start of each option period based on two times the increase in the Consumer Price Index (CPI), subject to a maximum increase of 10% (with no decreases), supporting long-term NOI growth while providing a hedge against inflation. Additionally, the tenant is paying an additional $17,736 annually ($1,478 per month) in deferred rent from March 2026 through February 2028, providing supplemental income above the underwritten NOI. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive or out-of-state investor.

The property is strategically positioned just off Interstate 10 (42,000 VPD), a major east-west interstate connecting Houston to Tallahassee and providing regional connectivity throughout the Mississippi Gulf Coast. The asset also benefits from excellent visibility and multiple points of ingress and egress. The surrounding trade area is anchored by a dense concentration of national travel-oriented retailers, including Pilot Travel Center, Chevron, Exxon, Hampton Inn, Quality Inn, and Comfort Inn & Suites, creating a synergistic highway-exit retail environment that generates consistent consumer and traveler traffic. This strategic location, combined with long-term contractual income and minimal ownership responsibilities, positions the asset as an attractive passive net lease investment opportunity.

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Listing ID: a28TP000003AbUPYA0