Grocery Anchored Center – McComb, MS

1200 Lasalle St, McComb, MS 39648, USA

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.

  • High-Yield Offering: Offered at $6,416,000 with an 8.27% CAP rate, delivering high yield for a grocery-anchored center.
  • Strong Traffic Exposure: Located at a signalized frontage on LaSalle Street, maximizing visibility and drive-by exposure for tenants and the owner.
  • Anchored by Strong National Tenants: The site features Roses, Family Dollar, and T‑Mobile, diversifying the tenant risk with both discount-retail and wireless service components.
  • Stable Cash Flow: 94% occupied at present, giving the buyer almost full occupancy and immediate cash-flow stability.
  • Strategic Pike County Location: 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 trade area.
  • Strong Sales: Grocery Depot provides long-term stability with annual store sales averaging ~$7.5M over the last 5 years, reflecting strong local demand.
  • Consistent Tenant Stability: High historical occupancy and long-standing tenant performance highlighting strong in-place demand for retail at this location.

 

In Cooperation With Sands Investment Group Mississippi, LLC – Lic. #22675 BoR: Andrew Ackerman – Lic. MS #22616

Price

$6,416,000

Cap Rate

8.27%

PREMISES

133,132 SF

RENEWAL OPTIONS

Varies

Lease Expiration

Varies

RENTAL INCREASES

Varies

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch