Pascagoula Marketplace 3817 Denny Ave

As exclusive advisor, Newmark is pleased to present the opportunity to acquire Pascagoula Marketplace – a 56,986 square foot, 4-tenant center located in Pascagoula, Mississippi. Shadowed by ALDI, the center is anchored by TJ Maxx and Burlington with national tenants accounting for 100% of the GLA. As a brand-new shopping center completed this year, the center boasts fresh ten-year leases for all four tenants.
Pascagoula Marketplace is strategically positioned on U.S. 90 in the heart of Pascagoula’s primary retail node with ideal fundamentals including an impressive average daily traffic count of 29,000+ vehicles per day. The center is in the immediate vicinity of other big box retailers and traffic drivers including Walmart, Lowe’s Home Improvement, Planet Fitness, Staples, Big Lots, Bealls and many others. Moreover, the center is in close proximity to Pascagoula’s primary economic juggernauts including Ingalls Ship Builders, Chevron Refinery and the Singing River Hospital – Pascagoula’s primary hospital with 435-beds. Together with the center’s enviable national tenant lineup and strong fundamentals, Pascagoula Marketplace provides investors with the opportunity to acquire a core asset within a dominant, high-growth market.