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Ruby Tuesday | 11+yrs Corp Abs NNN 6736 Highway 63 5,182 SF Retail Building Moss Point, MS 39563 $2,478,000 ($478.19/SF) 6.67% Cap Rate
Investment Highlights
- 11+ Years Remaining | Options To Extend | Additional Income Above NOI | CPI-Based Rental Increases (10% Max)
- Dense Highway Retail Corridor | Strong Tenant Synergy
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Just Off Interstate 10 (42,000 VPD) | Regional Connectivity
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased investment property located in Moss Point, Mississippi. The property offers more than 11 years of remaining primary lease term with four (4) 5-year renewal options, providing stable,
long-term contractual income and extension potential. The lease features rental increases every 5 years throughout the primary term and at the start of each option period based on two times the increase in the Consumer Price Index (CPI), subject to a maximum increase of 10% (with no decreases), supporting long-term NOI growth while providing a hedge against inflation. Additionally, the tenant is paying an additional $17,736 annually ($1,478 per month) in deferred rent from March 2026 through February 2028, providing supplemental income above the underwritten NOI. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive or out-of-state investor.
long-term contractual income and extension potential. The lease features rental increases every 5 years throughout the primary term and at the start of each option period based on two times the increase in the Consumer Price Index (CPI), subject to a maximum increase of 10% (with no decreases), supporting long-term NOI growth while providing a hedge against inflation. Additionally, the tenant is paying an additional $17,736 annually ($1,478 per month) in deferred rent from March 2026 through February 2028, providing supplemental income above the underwritten NOI. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive or out-of-state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,182 SF
Building Class
C
Year Built
2000
Price
$2,478,000
Price Per SF
$478.19
Cap Rate
6.67%
NOI
$165,272
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.37 AC
Opportunity Zone
Yes
Zoning
C3 - Highway Commercial
Parking
64 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
128’ on Highway 63
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Ruby Tuesday
- Accommodation and Food Services
-
99,999 SF
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Ruby Tuesday | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $59,005 | |
| Land Assessment | $47,040 | Total Assessment | $106,045 |
Property Taxes
Parcel Numbers
Land Assessment
$47,040
Improvements Assessment
$59,005
Total Assessment
$106,045
Contacts
-
Michael Grunberg -
Nick Santagata -
William Donlon -
Sabrina Sapienza -
SRS National Net Lease
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