10545 Highway 49 - Freestanding FOR SALE


Gulfport, MS 39503
$6,400,000 USD
404-806-2408
10545 Highway 49, Gulfport, MS for Sale
$6,400,000 USD
Freestanding - FOR SALE
1/7
null | 8.5% Cap Rate

10545 Highway 49
Gulfport, MS 39503


HIGHLIGHTS

  • Strong Financial Drivers
  • Best-In-Class Fundamentals
  • Ideal Submarket Attributes

OVERVIEW

As exclusive advisor, Newmark is pleased to present the opportunity to acquire the leasehold interest in Best Buy Park – a 38,132 square foot best-in-class shopping center located in Gulfport, Mississippi. Anchored by investment grade retailer Best Buy, the subject property is comprised of five tenants with 76% of the gross income being derived from national tenants. Serving the trade area since 2008, Best Buy Park features signalized access shared with a Chick-fil-A and is adjacent to Mississippi’s top performing Sam’s Club (Source: PlacerAI). Moreover, the property boasts a 56,877 VPD traffic count and is less than a half a mile north of Interstate-10. Other prominent retailers in the immediate corridor include Walmart, TJ Maxx, Home Depot, ULTA, Belk, Ross Dress for Less, Academy Sports, Michael’s, PetSmart, Hobby Lobby, Office Depot, Books A Million, Starbucks, Old Navy, and many others. Combined with Best Buy’s strong performance, the property’s prime signalized location and high-growth market, Best Buy Park is poised to deliver strong investor returns for years to come.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

294

LAND DETAILS

LAND ACRES

6.35 AC

LAND SF

276,606 SF

ZONING

Commercial

APN/PARCEL ID

0809D-03-001.000

ASK ABOUT THIS PROPERTY

Sam MurphyNewmarkMore Info
404-806-2408

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Sam MurphyNewmarkMore Info
404-806-2408

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.