Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire a fee simple interest in the At Home property located at 15065 Creosote Road in Gulfport, Mississippi. At Home operates under an absolute NNN lease with zero landlord responsibilities, providing investors with a truly passive income stream. The lease features approximately five years and four months of remaining term and includes four five-year renewal options, with rent increasing by 2.00% annually throughout both the base and option periods.
The Property consists of a 115,574-square-foot retail building situated on a 10.70-acre parcel. Originally constructed in 1988, the building underwent a full renovation in 2015 to align with At Home’s large-format prototype specifications. The site occupies the signalized corner of Creosote Road and Three Rivers Road, which see a combined 26,000+ vehicles per day, and is located just off Interstate 10, with exposure to 66,129+ vehicles per day. This highly visible location along the Gulf Coast’s primary east-west thoroughfare enhances the Property’s longterm retail viability and real estate value.