189 WALMART LANE

Retail-Commercial for Sale
Catylist Listing ID: 30332129
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 5,135 SF
Gross Land Area: 1.06 Acres
Sale Price: $1,399,000
Unit Price: $272.44 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: C SPIRE
Usable Size (USF): 5,135 SF
Sale Terms: Cash to Seller
Cap Rate: 7.28%
Last Updated: 1/7/2019

Overview / Comments

Southeast Commercial is pleased to offer C Spire Retail Center on Walmart Lane in Biloxi, MS. This center was a build to suit for C Spire in 2013 on a 1.06 acre out lot to re-positioned Walmart Super Center which opened in 2012. C Spire occupies Suite A-2991 SF and has 5+ years remaining on an initial 10 year primary term, with a 10% increase at their first five year option in March 2024. Memorial Hospital Clinic occupies Suite B-1,344 SF and has exercised a three year extension beginning October 2018. Suite C-800 SF end cap is currently vacant.

Additional Details

Nearest MSA: Gulfport-Biloxi-Pascagoula
County: Harrison
Tax ID/APN: 1110L-02-003.003
Zoning: NB
Retail Clientele: General, Family
Property Visibility: Excellent
Largest Nearby Street: Highway 90 / Beach Blvd
Feet of Frontage: 310
Highway Access: Highway 90
Airports: Gulfport-Biloxi Regional Airport
Site Description: 1.06 Acre Out-lot to Walmart Super Center
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2013
Roof Type: Flat
Construction/Siding: Steel Frame
Total Parking Spaces: 48
Parking Type: Surface
Zoning Description: NB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,495 32,604 68,569
Median Age: 37.34 37.03 35.47
Households: 2,492 13,335 26,734

Contact

Photograph of Listing Agent

Tim Carlson

Southeast Commercial
Gulfport, MS
Photograph of Listing Agent

Monte Luffey

Southeast Commercial of MS, LLC
Gulfport, MS
The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.