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PJ's Coffee of New Orleans (STNL) 9347 Highway 49 2,808 SF Retail Building Gulfport, MS 39503 $1,850,000 ($658.83/SF) 6.49% Cap Rate
Investment Highlights
- 42,000+ VPD (Primary commuter/tourism artery)
- Interstate 10 (0.5 mi south): 60,000 – 70,000+ VPD (Dominant east-west regional travel and logistical corridor).
- Situated directly across the street from Walmart Supercenter (#915):Consistently ranks as one of the highest-trafficked Walmart locations in MS.
- Memorial Hospital Gulfport (3 mi): One of the largest health systems and employers on the Gulf Coast, driving heavy daily daytime population.
- Gulfport Premium Outlets (0.5 mi): Open-air regional mall attracting millions of shoppers annually.
Executive Summary
10-Year Absolute NNN Lease- 10% Rate Increase Yr 6-10.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,808 SF
Building Class
C
Year Built/Renovated
1991/2026
Price
$1,850,000
Price Per SF
$658.83
Cap Rate
6.49%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.45 AC
Zoning
B-4 - Highway Business District, designed primarily to accommodate heavy-commercial, high-traffic, and service-oriented businesses.
Frontage
100’ on US 49
Amenities
- Pylon Sign
- Restaurant
- Wheelchair Accessible
- Air Conditioning
- Cafe
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
PJ’s Coffee of New Orleans is a privately held coffeehouse chain founded in 1978 by Phyllis Jordan in the Carrollton neighborhood of New Orleans. The company pioneered the cold-drip process, producing a smooth, low-acidity cold brew. It expanded via company and franchise locations, opening its first franchise in 1989. After acquisition by Ballard Brands in 2008, PJ’s resumed New Orleans–based ownership under New Orleans Brew, LLC. The chain emphasizes New Orleans culture and regional specialties like beignets and pralines. PJ’s is known for its small-batch, cold drip coffee, café items, and community-focused retail experience.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 99,999 SF | - | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0809K-02-008.002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $78,739 |
Property Taxes
Parcel Number
0809K-02-008.002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$78,739
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