For Sale
$14,000,000

3586 Sangani BlvdD'Iberville, MS 39540

Mississippi Gulf Coast retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A, 65,860 square foot shopping center in D'Iberville, Mississippi, presents a compelling investment opportunity. Currently 100% occupied with 22 tenants, including nationally recognized brands like Outback Steakhouse, H&R Block, and Twin Peaks, this stabilized property boasts a strong pro-forma NOI of $1,100,917 and a 7.86% cap rate. The property features two single-story buildings constructed in 2007, situated on 8.364 acres with 565 parking spaces. Located at a signalized intersection with high daily traffic counts (78,000), it benefits from its proximity to a Walmart Supercenter and other major retailers, including a shadow anchor, Academy Sports + Outdoors, driving significant foot traffic. The property is zoned C-3 (ID-A) and offers future value-add potential through upcoming lease renewals. The strong demographics of the area, with an average household income significantly above the state average, further enhance its investment appeal. Separate tax parcels offer flexibility for future investment strategies. The asking price is $14,000,000, representing a price per square foot of $212.57. This property is a fee simple ownership with a NNN lease structure. The Tesla Supercharger station on the property adds further value and traffic generation.

Highlights

  • Academy Sports + Outdoors, a strong shadow anchor, is adjacent, generating significant cross-traffic. Nationally, Academy stores average over $25 million in annual sales.
  • Lakeview Village is the dominant retail center, strategically located near Walmart, Target, and Lowe's, drawing shoppers from a wide radius due to a lack of comparable centers within 60 miles.
  • A Tesla Supercharger station (12 chargers, 250kW) provides consistent traffic and customer flow.
  • Value-add potential exists due to upcoming lease expirations without renewal options, allowing for rent increases. The D'Iberville market boasts low vacancy rates (1.8% overall, <6.5% for shop space).
  • Excellent accessibility via a signalized intersection on Sangani Boulevard, with direct access from I-10/I-110 (78,000 daily traffic count).
  • Strong demographics: 67,354 people within a 15-minute drive, boasting an average household income of $83,157. D'Iberville shows population growth.

Property Details for 3586 Sangani Blvd

Property type
Lifestyle centers, Power centers
Square Feet
65,860 SF
Class
A
Year Built
2007
Buildings
2
Stories
1
Lot Size (sq. ft)
364,336 SF
Units
22

Location Insight

City
D'Iberville
County
Harrison
State
Mississippi
Latitude
30.458927276526
Longitude
-88.893911286122
3586 Sangani Blvd, D'Iberville, Mississippi

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3586 Sangani Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message