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Details: Retail

Asking Price: $6,120,000

Square Feet: 66,857 SF

Asking Cap Rate: 8.00%

Year Built: 1986

NOI: $489,656

Shipyard Plaza

4201 Denny Avenue, Pascagoula, MS 39581

  • Anchored by Industry Leading Discount Retailer, Big Lots, who has been in occupancy for 22+ years
  • Shadow anchored by Wal-Mart (next closest Walmart is 15 miles)
  • 100% Occupied
  • 87% of GLA comprised of National Tenants
  • Located at one of trade area’s most heavily traveled intersection with combined 30,000 VPD
  • Big Lots exercised early 5 year extension (Exp. 2030)
  • Hibbets extended early (Exp. 2029)
  • GNC recently extended for 5 years (Exp. 2028)
  • Approved Cash Advance recently extended for 5 years (Exp. 2028)
  • Good Visibility From Denny Ave, which has over 30,000 VPD and is the primary throughfare connecting the town to Interstate 10
  • Shopping Center is well positioned in the Main Retail Corridor consisting of national and local tenants
  • Stable Economic Drivers with the largest Chevron Refinery and Ingalls Shipbuilding leading as some of the largest economic drivers
  • Minimal Vacancies within the submarket will allow for future lease up and renewals

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