15065 Creosote Rd - Freestanding FOR SALE


Gulfport, MS 39503
$4,447,910 USD
773-727-4285
15065 Creosote Rd, Gulfport, MS for Sale
$4,447,910 USD
Freestanding - FOR SALE
1/1
null | 10% Cap Rate

15065 Creosote Rd
Gulfport, MS 39503


HIGHLIGHTS

  • Below-Market Rents
  • Recent Renovation Reflecting Tenant Commitment
  • Prime Signalized Corner Location Near I-10 with High Traffic Exposure
  • Dominant Regional Retail Corridor Surrounded by Leading National Anchors
  • Expansive 10.70-Acre Site with Large Format Building

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,447,910 USD

PRICE/SF

$38 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

At Home

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

350

LAND DETAILS

LAND ACRES

10.7 AC

LAND SF

466,092 SF

ZONING

B-4

APN/PARCEL ID

0809K-01-001.007

ASK ABOUT THIS PROPERTY

BJ FellerNorthmarqMore Info
773-727-4285

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BJ FellerNorthmarqMore Info
773-727-4285

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