The Juicy Seafood | NNN Investment Opportunity

Highlights:

• Incredible A+ real estate - signalized 4-way intersection at off ramp to Interstate 55 and combined traffic counts of approximately 40,000 VPD.
• Outparcel to Lowe’s and across from Chick-Fil-A and Starbucks, with nearby retailers, McDonalds, ALDI, Hobby Lobby, Marshalls, Five Below, AT&T, Walmart, Ross, Belk and more.
• True NNN with 2% annual rent increases and low rent per sq/ft and two five-year options.
• ±4,983 SF building on ±1.04 acres with large pylon sign facing immediately adjacent I-55.
• Largest hub between state capital of Jackson, MS and New Orleans, LA along I-55, attracting several national firms.
• Successful franchisee of a growing brand with national presence of 30 locations in 10 states.
• Nancy Miller MS License #: S-49841 | Bull Realty MS License #: 19258

Description:

This true NNN The Juicy Seafood, located in McComb, MS, is an incredible piece of retail real estate. What more could you want: a signalized 4-way intersection at the off ramp of Interstate 55, a combined traffic count of almost 40K VPD, a location across from Chick-Fil-A and Starbucks, and an outparcel to Lowe’s. This offering is all about good food, a good time and an outstanding location. Other nearby national retailers include McDonalds, ALDI, Hobby Lobby, Marshalls, Five Below, AT&T, Walmart, Ross, Belk and more.

This Cajun casual dining experience is not really a cap rate deal, but instead a real estate play. The ±4,983 SF building, a former Ruby Tuesday, sits on a ±1.04-acre corner outparcel. The Juicy Seafood has an absolute NNN lease with approximately 6 years remaining on a 10-year term, 2% annual rent bumps, two 5-year renewal options, and a low rent per sq/ft. In addition, there are no landlord responsibilities. This growing brand has grown to 30+ locations including one international location in Belgium.

McComb loves The Juicy Seafood. Cajun seafood restaurants are increasing in popularity as demonstrated by a 300% increase in online searches for seafood boils in the past five years and The Juicy Seafood is positioning itself to seize this market. This location is well-received, getting an average 4.1-star Yelp review with over 430 reviews. The experienced franchise operator has four locations in the southeast.

Located in Pike County, McComb is the largest hub between the state capital of Jackson and New Orleans along I-55. The area has a presence of regional distribution facilities for companies such as Coca-Cola, Pepsi, John Deere and AGUP. Five-mile demographics include a population of over 22,000, an average household income over $60,000 and dining out stats according to ESRI that are higher than the national average.

For ground lease buyers, this is a coup! Have your land and building too! The combination of a successful casual dining concept with the quality of real estate makes this an unusual and very attractive investment to add to your portfolio. It is priced at $2,540,000 with a 4.6% blended cap rate for the remaining initial term.

McComb, MS

Documents: