8925 Old Spanish TrlOcean Springs, MS 39564
- Retail properties
- 10,000 SF
Property Details for 8925 Old Spanish Trl
- Property size (Sq ft)
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a 10,000-square-foot, net-leased Dollar Tree convenience store located at 8925 Old Spanish Trail, Ocean Springs, Mississippi 39564. The property boasts a strong corporate guarantee and a new 10-year lease with six, 5-year renewal options. Rent increases are scheduled every five years, including during option periods, ensuring consistent income growth. The asking price is $2,166,668, representing a compelling 6.00% cap rate and a price per square foot of $216.67. The property currently generates a net operating income (NOI) of $130,000 annually. This newly constructed building enjoys excellent visibility and convenient access from US-90, with easy ingress and egress points. Minimal landlord responsibilities are required, making this a low-maintenance, high-return investment. The 100% occupancy rate further solidifies this opportunity's stability and potential for long-term growth. The property is undergoing renovations.
Location Insight
- City
- Ocean Springs
- County
- Jackson
- State
- Mississippi
- Latitude
- 30.3956
- Longitude
- -88.7578
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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