11022 Highway 49
Gulfport, MS
Price:
$2,859,000
Cap Rate:
6.30%
NOI:
$179,520
Building Size:
Approx. 10,908 Sq. Ft.
Lot Size:
Approx. 1.74 Acres
Type:
Single-Tenant / Retail
Sub Category:
Retailer
Year Built:
1999
Investment Overview
- 1999 Construction. 10,908+/- SF Building on 1.74+/- Acre Site
- 7 Years Remaining On Absolute NNN Lease with 5% Rental Increases Every 5 Years in Primary Term & Option Periods, Plus (4), 5-Year Options To Renew
- Strategically Located Along Highway 49 (45,809+ VPD), One of Gulfport’s Primary Commercial Corridors, Providing Excellent Visibility
- Positioned in High-Traffic Corridor Anchored by National Retailers Including Walmart, Lowe’s, McDonald’s, Chick-fil-A, and Much More
- Directly Adjacent to Singing River Gulfport Hospital (130 beds & 1,000+ staff), Driving Consistent Daily Traffic from Hospital Staff, Patients, & Visitors
- CVS Pharmacy is One of the Largest Retail Pharmacy Chains in the U.S with over 9,028 Locations & $400B in Revenue
- Gulfport | 2nd Largest City in Mississippi & Key Economic Engine for the Mississippi Gulf Coast | MSA Population: 416,000+