602 Division St Biloxi, MS 39530
Biloxi, MS Retail Investment Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- $1,030,000 asking price for a 7,980 SF Family Dollar storefront on a 0.55-acre lot in Biloxi, MS.
- Investment-grade credit tenant (BBB- S&P rating) with a corporate guarantee.
- Net lease (NN) with a 7.1-year remaining lease term (commencing 01/01/2025, expiring 12/31/2031) and three 5-year renewal options.
- 100% occupancy, generating $79,800 NOI and a 7.75% cap rate; $129.07/SF.
- Located less than one mile from I-110 and approximately two miles from Keesler Air Force Base.
Property Details for 602 Division St
- Property type
- Retail properties, Retail space
- Square Feet
- 7,980 SF
- Year Built
- 1989
- Lot Size (sq. ft)
- 23,958 SF
Location Insight
- City
- Biloxi
- County
- Harrison
- State
- Mississippi
- Latitude
- 30.40316946
- Longitude
- -88.88201191
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Biloxi, MS Retail Investment Opportunity
- Where is the retail property located?
- The property is located at 602 Division St Biloxi, MS.
- What is the asking price?
- The asking price for this property is $1,030,000.
- What are key features of this property?
- This property features: $1,030,000 asking price for a 7,980 SF Family Dollar storefront on a 0.55-acre lot in Biloxi, MS.; Investment-grade credit tenant (BBB- S&P rating) with a corporate guarantee.; Net lease (NN) with a 7.1-year remaining lease term (commencing 01/01/2025, expiring 12/31/2031) and three 5-year renewal options.
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