Pike Mart - McComb, MS
High-Yield 8.27% CAP | Grocery-Anchored Retail Center | Strong Sales & High Traffic
Marketing description
Sands Investment Group is proud to exclusively offer for sale the 133,132 SF Pike Mart Shopping Center at 1200 Lasalle Street in McComb, MS. Currently 94% leased, the center provides investors with immediate, stable cash flow. Featuring large-format anchor spaces, the property benefits from long-term tenant retention and lower re-tenanting costs compared to traditional malls or power centers, making it an ideal opportunity for a turnkey, income-producing investment at well below replacement cost.
Investment highlights
High-Yield Offering: Offered at $6,416,000 with an 8.27% CAP rate, delivering high yield for a grocery-anchored center.
Strong Traffic Exposure: Located at a signalized frontage on LaSalle Street, maximizing visibility and drive-by exposure for tenants and the owner.
Anchored by Strong National Tenants: The site features Roses, Family Dollar, and T‑Mobile, diversifying the tenant risk with both discount-retail and wireless service components.
Stable Cash Flow: 94% occupied at present, giving the buyer almost full occupancy and immediate cash-flow stability.
Strategic Pike County Location: The center benefits from direct access to I-55 (36,737+ VPD), reinforcing Pike Mart’s role as the primary retail node for the broader Pike County trade area.
Strong Sales: Grocery Depot provides long-term stability with annual store sales averaging ~$7.5M over the last 5 years, reflecting strong local demand.
Consistent Tenant Stability: High historical occupancy and long-standing tenant performance highlighting strong in-place demand for retail at this location.
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