Rogue Valley Mall - Sale
1600 N Riverside Ave, Medford, OR, 97501-4652, US
644,332 sf
Asset Description
Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present for sale the single-tenant Starbucks located in Pascagoula, MS (the “Property” or “Asset”). The Property is situated within an Aldi-anchored shopping center off U.S. Highway-90, which benefits from its exposure to 31,000+ vehicles per day (“VPD”). The newly developed property is occupied by Starbucks (the “tenant"), who is subject to a 10-year net lease with 10% rent bumps after 5 years and six, five-year renewal options.
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Attributes
Asking price
HK$18,934,000
Cap rate
6.15%
NOI
HK$1,164,000
Building area net
2,230 sf
Year built
2025
WAULT
10 years
Media
Investment Highlights
- Brand-new Starbucks location with 10-year net lease and minimal landlord responsibilities
- 79% increase in daytime population within a 1-mile radius
- Immediate U.S. Highway 90 access with connectivity to Mobile and New Orleans (Exposure to 31,000 VPD)
- Outparcel of a ±$20M Retail Development
- Adjacent to a Walmart Supercenter with 2.7 million visits annually
- Investment grade (S&P: BBB+) guarantor
Contact brokers
Starbucks- Pascagoula, MS (0 Properties)
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Last updated
6 Mar 2025
