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Uptown McComb 1720-1722 Veterans Blvd 342,220 SF 97% Leased Retail Building Mccomb, MS 39648 For Sale

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INVESTMENT HIGHLIGHTS

Dominant 345,426 SF Regional Shopping Center: anchored by a national tenant lineup and shadow-anchored by a Walmart that ranks in the top 72%
1,200+ ft of Frontage on I-55 with ~29,000 VPD
Upside Opportunity Should Belk Ever Leave: Only paying $1.39 PSF

Newly Redeveloped Wing with New 10-year Leases from National Anchors: Aldi, Ross Dress for Less, and Bealls. Newly signed Planet Fitness with 20-year
Large Regional Trade Area: most retailers do not have another location for 55+ miles
Stable Income Stream: 73% of income stream is coming from national Big Box Retailers

EXECUTIVE SUMMARY

Franklin Street is pleased to offer for sale Uptown McComb in McComb, Mississippi. McComb is centrally located between Jackson and New Orleans on Interstate 55 in southern Mississippi. Uptown McComb was formerly known as Edgewood Mall and has undergone a re-merchandizing plan, which brought a significant amount of national big box retailers to the property with external entrances. New additions since the redevelopment from a traditional mall site layout include: Hobby Lobby, Marshalls, Aldi, Bealls, Planet Fitness, Five Below, and Ross Dress for Less. Each of these retailers are new to market and do not have a competing location for 55+ miles, allowing for a larger trade area for the center. Along with the new retailers ownership has taken on a significant amount of property improvements including new roof, new signage, LED lighting, and significant capital improvements to tenants spaces. Uptown McComb has seen strong leasing momentum and continued NOI growth since COVID year after year. The corridor serves as a major retail hub for the trade area with other traffic generating retailers including Walmart, Lowes, Chick-fil-A, Starbucks, Walgreens, among others. Economic drivers for the area include increasing manufacturing industries, agriculture, and the Southwest Mississippi Regional Medical Center.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

342,220 SF

Building Class

Year Built/Renovated

1987/2023

NOI

$1,659,266

Percent Leased

97%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.25

Lot Size

31.68 AC

Zoning

CPL

Parking

1,850 Spaces (5.41 Spaces per 1,000 SF Leased)

Food Court

Enclosed Mall

Retailer
-
$9.99
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Marshalls is an American off-price department store chain founded in 1956 in Beverly, Massachusetts. The company specializes in discounted brand-name apparel, footwear, accessories, and home décor. Marshalls was acquired by TJX Companies in 1995 and operates as part of the Marmaxx division alongside T.J. Maxx. Headquartered in Framingham, Massachusetts, Marshalls has expanded across the United States and Puerto Rico, as well as into Canada. The retailer emphasizes a “treasure hunt” shopping experience, with frequently changing inventory and designer merchandise at prices generally 20–60% below traditional retailers. Marshalls is publicly traded under its parent company TJX Companies on the New York Stock Exchange (NYSE: TJX).