Pearl, MS - Renasant Bank

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, freestanding, Renasant Bank investment property located in Pearl, Mississippi. The tenant, Renasant Bank has approximately 7 years remaining on their current lease term, demonstrating their commitment to the site. The lease is corporate signed and is absolute NNN leased with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The property is located along U.S. Highway 80, which averages 29,000 vehicles passing by daily and is a major retail thoroughfare serving the city of Pearl. The building features excellent visibility via significant street frontage and a large pylon sign. Renasant Bank is an outparcel to McLaurin Mart, a 168,000 square foot shopping center, undergoing a significant renovation totaling over $1.5 million in 2025. Additionally, the asset is positioned a few miles northwest of the Outlets of Mississippi, a 300,000 square foot outlet mall with major tenants including Marshalls, Bath & Body Works, Five Below, and more. Furthermore, the site is adjacent to Eastgate Village, a 106,000 square foot shopping center anchored by Rose’s Discount Store and Planet Fitness. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Sam’s Club, Nordstrom Rack, Cinemark, Aaron’s, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 54,500 with an average household income of $80,967.