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Walgreens - Gulfport, MS

This newly-constructed Walgreens offering a 20-year triple-net lease has made its hoSmitee in Gulfport, Mississippi, the state's second largest city and home to the famous Tulane University, located just over one mile from the subject site.

 

Located at a five-point signalized intersection, this site is across from a CVS, and adjacent to a Big KMart and Rousesanchored center. Also in the immediate area are: Taco Bell, Pizza Hut, McDonald's, Winn Dixie Grocers, KFC, Hancock Bank, Family Dollar, Regions Bank, Bancorp South, Anytime Fitness, and a Checker's Drive-In.

 

The immediate area is also surrounded by several medical and veterinary clinics and offices, as well as two of the major hospitals in the region Gulf Coast Outpatient Surgery Center and Gulf Oak Hospital.

 

The area is undergoing both new development as well as re-development and is limited to expansion because of several natural barriers to entry along the Gulf coast and Little Big Lake. The area is also home to the country's largest Naval Construction Battalion Center, also known as the Seabee's. They are the region's largest employer. Also, just to the west is the Gulfport-Biloxi International Airport.

Additional Info

  • Address: : 1417 East Pass Road, Gulfport, MS 39507
  • Price: : $7,030,357
  • Net Rentable Area: : 14,490
  • Lot Size (Acres): : 3.17
  • CAP Rate: : 5.73%
  • Price Per Sqft: : $506.31
  • NOI: : $403,500
  • Year Built: : 2013
  • Status: : Available