Aspen Dental | AT&T | OneMain Financial

Aspen Dental | AT&T | OneMain Financial

4001 Denny Ave.
Pascagoula (Gulfport MSA), MS

Price: $3,102,000
Cap: 7.50%
NOI: $232,643
Building Size: 8,400 SF
Lot Size: 1.05 AC

Investment Highlights

Aspen Dental is corporately guaranteed and backed by over 650 Dental Practices.
• AT&T is guaranteed by Spring Mobile who operates 1,400+ locations in 28 states.
• OneMain Financial has a corporate guarantee and is backed by 1,700 locations.
• Glazed Doughnuts is leased to an Experienced Franchisee with locations across multiple states

• AT&T and Aspen Dental have brand new 10-year leases.
• AT&T has a 10% rent increases in Year 5 of the Base term and in each of the 5-year option periods.
• OneMain Increases 3% Annually
• Glazed Doughnuts is on a 5 Year Lease

The Property is a newer construction Four Tenant strip center located as an outparcel to a Big Lots anchored Center in the Gulfport-Biloxi-Pascagoula CSA
• The property was completed and delivered to tenants in June of 2017
• Class A construction features attractive cultured stone and brick exterior

Property is located on Denny Ave. (29,000 VPD) the primary retail corridor serving Pascagoula, MS.
• Surrounding retailers include Walmart, Big Lots, Lowe’s, Save-A-Lot, Hibbett Sports, McDonald’s, Taco Bell, Planet Fitness and more.
• The subject is located 10 minutes from the coast in a corridor that includes traffic drivers such as the Pascagoula Naval Complex, Pascagoula beach park, and the Chevron Pascagoula Refinery

Pascagoula is considered to be Mississippi’s Flagship City & serves as county seat of Jackson County.
• Pascagoula continues to be a major industrial center of the Coastal Mississippi due to its major shipbuilding center that was built in World War II.
• The town is home to major state employers in the shipbuilding and refinery industries including Ingalls Shipbuilding, Signal International, VT Halter Marine and Chevron Refining. 
Pascagoula’s port is experiencing major growth after Ingalls Shipbuilding announced a new $100 million east bank improvement project as it continues work on a west bank project known as the “Shipyard of the Future.”
• The Gulfport-Biloxi-Pascagoula Combined Statistical Area is made up of five counties in the Mississippi Gulf Coast region & has a population of 427,322
• In 2018, Gulfport-Biloxi-Pascagoula CSA was ranked #4 in 10 midsized metropolitan areas undergoing rapid job and demographic growth by

Zach Taylor

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