This Property is no longer advertised on Showcase.com.
Off Market
1/8

504 Highway 90
Waveland, MS 39576


HIGHLIGHTS

  • Attractive Lease Terms; Leased to T-Mobile (S&P: BBB) and Tropical Smoothie with both tenants operating on 10-year net-leases
  • Brand-New Construction; High quality 4,080 square foot dual-tenant retail building that was completed in 2023
  • Asset is situated along the main retail thoroughfare of Waveland along HWY-90 which sees 27,004 VPD and is shadow anchored by Walmart
  • Hedge Against Inflation; Both tenants’ leases consist of 10% rental escalations every 5-years
  • Retail Hotspot; Surrounded by national retailers: Walmart, Lowe’s, Walgreens, Dollar Tree, Planet Fitness, Harbor Fright Tools, McDonald’s, and more
  • Signalized Intersection; Site is situated on a hard-corner and shares access with the only Walmart Supercenter in Hancock county

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

4080

STORIES

1

YEAR BUILT

2023

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

138Q-0-34-003.002