Investment Highlights
10-year corporate net lease to Starbucks Corporation
Investment grade tenant, rated ?BBB+? by Standard & Poor?s
Site features a drive-thru and patio seating for added customer convenience
10% fixed rental increases every five years in initial term and 8% increases in option periods
New high-quality 2023 construction built to latest Starbucks prototype
Directly adjacent to a Walmart Supercenter, allowing the site to capture significant crossover shopping opportunities
Executive Summary
High-visibility and easily accessible location along State Route 570/Veterans Boulevard, a major east-west McComb thoroughfare traversing the entirety of the city (12,000 AADT)Trophy setting with immediate access to Interstate 55, which connects to New Orleans, Louisiana and will allow the site to capture significant commuter traffic (29,000 AADT)Infill location outparcel to Uptown McComb, McComb?s premier shopping center featuring 236,000+ SF of retail space, six current anchor tenants, and 45 total storesNeighbored by a Chick-fil-A featuring a dedicated dual-lane drive-thruDirectly adjacent to a Walmart Supercenter, allowing the site to capture significant crossover shopping opportunitiesBeneficial proximity to major national retailers such as Lowe?s Home Improvement, McDonald?s, Applebee?s Grill + Bar, Arby?s, Zaxby?s, Golden Corral Buffet & Grill, and more48,372 residents live within fifteen miles of the property, providing a large and stable customer base for the siteProjected income increases within 5-, 10-, and 15-mile radii over the next five years poise Starbucks and McComb for steady concurrent growthOne mile from Southwest Mississippi Regional Medical Center (160 beds, 742 employees)Common gateway to Baton Rouge and New Orleans, allowing the site to capture long-haul and commuter traffic
