Captain D's

6600 MS-63, Moss Point, MS 39563

$1,495,000

Cap Rate 6.75%

Views: 147 Updated: 06.14.24 Posted: 03.21.24 Status: Sold

Summary

Price $1,495,000	Built/Renov 2023	Tenant Captain D's
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,557	Lease Start 05-01-2024	#Units 50
Price/SF $420.30	Expiration 04-30-2044	Tenant Type Fast Casual/Rest.
NOI $100,912	R. Term 19.0	Ownership Fee Simple
Rent/SF $28.37	Increases 2.0%/1/yrs	Pop 5Mi 27,509
Lot/AC 0.90	Options 4/5yrs/2%	AHHI 5Mi $68,892

Adam English

STREAM Capital Partners

Contact

Lease Highlights

Captain D’s will be executing a brand-new 20-year lease with 4 (5-year) options to extend at the close of escrow
The lease features 2% annual rental escalations throughout the initial term and option periods
Absolute NNN | zero landlord responsibilities
Lease guaranteed by Trident Holdings

Location Description

Captain D's is strategically located on MS-63, with access to 21,661 vehicles passing by daily. The property offers excellent visibility and multiple points of ingress/egress. The immediate trade area is surrounded by well-known national tenants, including Arby’s, McDonald’s, Wendy’s, Taco Bell, Holiday Inn, Moe’s Southwest Grill, and Best Western, among others. The 5-mile trade area is...

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Key Features

Recent renovation
Dense retail corridor
Near major nationals
Strategically located
Highway location
Brand new lease
Long 20+ yr lease
Absolute NNN
Annual rent increases
50+ unit franchisee backed

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Links

Captain D's Wikipedia Captain D's Wikipedia Moss Point, Mississippi Zip Code 39563 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Captain D's
Guarantor:Franchisee
Company:Trident Holdings
# Units:50
Stock:Private

About Tenant

Captain D’s is the nation’s leading fast-casual seafood restaurant and was named the #1 seafood chain in the QSR 50, ranked by AUV (average unit volume). Captain D’s serves a wide variety of...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	479	12,207	28,142
2023 Total Population :	492	12,409	28,296
2023 Employed Civilian Pop :	285	4,813	10,167
2023 Total Businesses :	48	357	1,075
2023 Average Household Income :	$ 122,584	$ 69,766	$ 64,920
2023 Total Consumer Spending :	$ 22 M	$ 323 M	$ 668 M
2023 Median Age :	47	45	41
2023 Total Households :	201	5,273	11,683
2023 Pop Age 25+: Bachelor's Degree :	84	1,123	2,057
2023 Average Home Value :	$ 212,814	$ 172,806	$ 157,875

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Amoco Drive	Elder Ferry Rd	2021	890	0.26 mi
Elder Ferry Road	Dutch Bayou Rd	2021	450	0.33 mi
Jamestown Road	Elder Ferry Rd	2021	730	0.40 mi
Dutch Bayou Road	Elder Ferry Rd	2021	2,300	0.42 mi
	I- 10	2021	2,400	0.45 mi
	I- 10	2021	5,700	0.45 mi
	Industrial Hwy 63	2021	2,500	0.51 mi
	Elder Ferry Rd	2021	7,800	0.53 mi
	Hwy 613	2021	45,000	0.60 mi
	Saracennia Rd	2021	19,000	0.76 mi

Listing Broker

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