3179 Mallett Rd - Storefront FOR SALE


D'Iberville, MS 39540
$14,656,000 USD
706-306-7382
3179 Mallett Rd, D'Iberville, MS for Sale
$14,656,000 USD
Storefront - FOR SALE
1/31
null | 8.9% Cap Rate

3179 Mallett Rd
D'Iberville, MS 39540


HIGHLIGHTS

  • Portfolio-wide 8.90% Cap Rate with $1,304,405 in NOI across three properties
  • 91,867 SF total across three retail centers: Lamey Bridge (26,400 SF), Mallett Road (41,467 SF), and Cinema Drive (24,000 SF)
  • ?Strong 92.3% portfolio occupancy with diverse tenant mix
  • Prime location in the Gulfport-Biloxi MSA at major I-10/I-110 intersection serving millions of annual visitors

OVERVIEW

Introducing an exceptional portfolio investment opportunity in the Gulfport-Biloxi, MS MSA, offering a strong 8.90% cap rate and $1,304,405 in NOI across three well-positioned retail centers. Totaling 91,867 SF, the portfolio includes Lamey Bridge (26,400 SF), Mallett Road (41,467 SF), and Cinema Drive (24,000 SF), and reflects a healthy 92.3% occupancy with a diverse tenant mix that includes national and regional names such as Fleet Feet, Papa John's, Keesler Federal Credit Union, and Encore Rehabilitation. Strategically positioned at the major I-10/I-110 intersection, the properties benefit from millions of annual visitors, along with monument signage exposure along the high-traffic Mallett Road and Cinema Drive corridors. Proximity to Keesler Air Force Base and the Navy Construction Battalion Center — together representing more than 31,000 personnel — provides a counter-cyclical employment base, while the region's standing as the 5th largest U.S. casino market, with a $4.1B hospitality economic impact, underscores its economic resilience. With flexible C-3 zoning across all three properties, this portfolio presents a compelling opportunity for investors seeking stable income backed by a diversified, high-traffic retail footprint.

FOR SALE DETAILS

PRICE

$14,656,000 USD

PRICE/SF

$353 USD /SF

CAP RATE

8.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeview Portfolio

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

330

LAND DETAILS

LAND ACRES

5.07 AC

LAND SF

220,849 SF

ZONING

C-3

APN/PARCEL ID

1408K-01-001.006

ASK ABOUT THIS PROPERTY

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706-306-7382

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706-306-7382

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