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SNTL Newk's Eatery corporate lease 2212 Denny Ave 4,856 SF Retail Building Pascagoula, MS 39567 $1,450,000 ($298.60/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- High traffic located minutes from Ingalls Shipyard and Singing River Health Systems
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$108,000
|
$22.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,000
|
$22.24
|
| Taxes |
$21,043
|
$4.33
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,043
|
$4.33
|
| Net Operating Income |
$86,957
|
$17.91
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $22.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $22.24 |
| Taxes | |
|---|---|
| Annual | $21,043 |
| Annual Per SF | $4.33 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $21,043 |
| Annual Per SF | $4.33 |
| Net Operating Income | |
|---|---|
| Annual | $86,957 |
| Annual Per SF | $17.91 |
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Newk’s was founded in 2004 by Don Newcomb, Debra Bryson and Chris Newcomb, the team that founded McAlister’s Deli. As Chris Newcomb tested and perfected menu items for their new concept, it became apparent this venture would closely reflect the team’s personal passion in the kitchen. As a matter of fact, many of the staple menu items were born from treasured Newcomb family recipes. Thus Newk’s was born – an abbreviated homage to the Newcomb cookbook. With that name comes a commitment to continually create extraordinary meals and experiences for their guests. They live for the tantalizing smells, sights, tastes and textures of meals that are made to perfections. They are obsessed with discovering new recipes and reimagining old favorites – especially Their Newcomb Family Recipes. They insist on sourcing the finest ingredients.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4-17-03-206.020 | Total Assessment | $134,228 (2024) |
| Land Assessment | $29,330 (2024) | Annual Taxes | $21,043 ($4.33/SF) |
| Improvements Assessment | $104,898 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Presented by
SNTL Newk's Eatery corporate lease | 2212 Denny Ave
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