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1200 Lasalle St
Mccomb, MS 39648
Pike Mart - McComb, MS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Offered at $6,416,000 with an 8.27% CAP rate, delivering high yield for a grocery-anchored center.
- The site features Roses, Family Dollar, and T-Mobile, diversifying the tenant risk with both discount-retail and wireless service components.
- 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.
- Located at a signalized frontage on LaSalle Street, maximizing visibility and drive-by exposure for tenants and the owner.
- 94% occupied at present, giving the buyer almost full occupancy and immediate cash-flow stability.
- Grocery Depot provides long-term stability with annual store sales averaging ~$7.5M over the last 5 years, reflecting strong local demand.
EXECUTIVE SUMMARY
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.
In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616
In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
133,132 SF
Building Class
C
Year Built
1971
Price
$6,416,000
Price Per SF
$48.19
Cap Rate
8.27%
NOI
$530,475
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.97
Lot Size
3.15 AC
Opportunity Zone
Yes
Zoning
C-2 - General Commercial
Parking
500 Spaces (3.76 Spaces per 1,000 SF Leased)
Frontage
265’ on LaSalle St
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $189,467 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$189,467
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