Shipyard Center | Multi-Tenant Investment Opportunity

4001 Denny Avenue, Pascagoula, MS

$3,552,857

Price

7%

Cap Rate

$248,700

NOI

Overview
Cap Rate
7%
NOI
$248,700
Building Size
8,400 sqft
Lot Area
0.35 acres
Lease Type
Double Net
Year Built
2017
Roof & Structure
Tenant’s Responsibility
HVAC
Tenant’s Responsibility
Repairs & Maintenance
Tenant’s Responsibility
Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,400 SF Shipyard Center Located at 4001 Denny Avenue in Pascagoula, Mississippi. This Opportunity Includes 4 Mixed-Use Tenants Anchored to a Walmart Shopping Center, Providing For a Unique Investment.

Highlights
  • Walmart Shadow Anchored Shopping Center, an 180,000 SF 24-Hour Supercenter
  • The Next Closest Walmart to the East is ± 27 Miles in Metro Mobile, ± 15 Miles to the West in Biloxi and 38 Miles to the North in Eastern MS, Providing a Significant Draw to the Location From an Extended Trade Area
  • Close Proximity to Ingalls Shipbuilding – the Largest Manufacturing Employer in Mississippi With Approximately 11,500 Employees
  • Signet, Pascagoula Naval Complex and Chevron Pascagoula Refinery All Within 5 Miles – Employing Over 11,800 Workers
  • Over 2.5 Million Tons of Cargo Move Through the Pascagoula Port Annually – the 28th Largest Port By Value in the U.S.
  • Aspen Dental is Corporately Guaranteed and Backed By 650 Dental Practices
  • AT&T and Aspen Dental Are Brand New Leases – Both Have a 10% Rent Increase at Next Option
  • OneMain Financial is Corporately Backed By 1,700 Locations With 3% Annual Increases
  • New Construction Strip Center – Built in 2017
  • Pascagoula Was Ranked #4 in 10 Midsized Metropolitan Areas Undergoing Rapid Job and Demographic Growth By Realtor.com
  • Located on Denny Avenue With Over 30,000 VPD
Documents
Title
Offering Memorandum
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Location
Gallery