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Shopping Strip

Acadian Plaza

12261 US 49, Gulfport, MS 39503

Listing Price: $6,650,000

Cap Rate
7.34%
Gross SF
37,452
Rentable SF
37,452
Price/Gross SF
$177.56
Lot Size
4.10 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to present Acadian Plaza, a truly rare investment opportunity for an investor to purchase an 100% occupied shopping center with a proven track record of success in the market of Gulfport, MS. Acadian Plaza has a strong occupancy history and tenant mix with 72 Percent of the GLA having been in occupancy for greater than 10 years or being leased by a corporate tenant. Almost 50 Percent of the tenants have been in occupancy for six years or longer. The proven success of the tenants will provide stability to the future income stream and mitigate investor risk. Shoppes At Baldwin Park is also centrally located in the heart of Gulfport. With direct frontage on US Highway 49, the main north-south corridor connecting all of central Mississippi to the gulf beaches, Acadian Plaza is well positioned among numerous national and regional retailers. Chick-fil-a, KFC, Sam’s Club, Walmart Supercenter, Walgreens, Advance Auto Parts, Taco Bell, Wendy’s, Popeye’s, Rooms To Go, Hobby Lobby, TJ Maxx, Barnes & Noble, Starbucks, Academy Sports and dozens of other national retailers all located within a five minute drive of the property. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • Absolute Net Leases - 100 Percent of the tenants at Acadian Plaza pay their pro rata share of expenses, including Real Estate Taxes, Insurance, CAM and Management.
  • Replaceable Rental Rates - The average base rent at Acadian Plaza is only $13.76 per square-foot, which is one of the lowest rates in the market.
  • Located in the Heart of Gulfport - Direct frontage on US Highway 49, the main north-south corridor connecting all of central Mississippi to the gulf beaches.
  • Long-Term and Corporate Tenants - Acadian Plaza has a strong occupancy history and tenant mix with 72 Percent of the GLA having been in occupancy for greater than 10 years or being leased by a corporate tenant. Almost 50 Percent of the tenants have been in occupancy for six years or longer.
  • Recession Resistant Market - With Kessler AFB and the Naval Construction Battalion at the heart of the Gulfport community, the employment base retailers serving this population will be resistant to future economic cycles.
  • Location, Location, Location - Gulfport is conveniently located only 60 miles east of New Orleans and 13 miles west of Biloxi. Tourism, culinary arts, entertainment and professional sporting events are all within a short drive.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Shopping Strip

Acadian Plaza

Listing Price: $6,650,000

Cap Rate
7.34%
Gross SF
37,452
Rentable SF
37,452
Price/Gross SF
$177.56
Lot Size
4.10 acres
Year Built
2008

Investment Highlights

  • Absolute Net Leases - 100 Percent of the tenants at Acadian Plaza pay their pro rata share of expenses, including Real Estate Taxes, Insurance, CAM and Management.
  • Replaceable Rental Rates - The average base rent at Acadian Plaza is only $13.76 per square-foot, which is one of the lowest rates in the market.
  • Located in the Heart of Gulfport - Direct frontage on US Highway 49, the main north-south corridor connecting all of central Mississippi to the gulf beaches.
  • Long-Term and Corporate Tenants - Acadian Plaza has a strong occupancy history and tenant mix with 72 Percent of the GLA having been in occupancy for greater than 10 years or being leased by a corporate tenant. Almost 50 Percent of the tenants have been in occupancy for six years or longer.
  • Recession Resistant Market - With Kessler AFB and the Naval Construction Battalion at the heart of the Gulfport community, the employment base retailers serving this population will be resistant to future economic cycles.
  • Location, Location, Location - Gulfport is conveniently located only 60 miles east of New Orleans and 13 miles west of Biloxi. Tourism, culinary arts, entertainment and professional sporting events are all within a short drive.

Investment Overview

Marcus & Millichap is pleased to present Acadian Plaza, a truly rare investment opportunity for an investor to purchase an 100% occupied shopping center with a proven track record of success in the market of Gulfport, MS. Acadian Plaza has a strong occupancy history and tenant mix with 72 Percent of the GLA having been in occupancy for greater than 10 years or being leased by a corporate tenant. Almost 50 Percent of the tenants have been in occupancy for six years or longer. The proven success of the tenants will provide stability to the future income stream and mitigate investor risk. Shoppes At Baldwin Park is also centrally located in the heart of Gulfport. With direct frontage on US Highway 49, the main north-south corridor connecting all of central Mississippi to the gulf beaches, Acadian Plaza is well positioned among numerous national and regional retailers. Chick-fil-a, KFC, Sam’s Club, Walmart Supercenter, Walgreens, Advance Auto Parts, Taco Bell, Wendy’s, Popeye’s, Rooms To Go, Hobby Lobby, TJ Maxx, Barnes & Noble, Starbucks, Academy Sports and dozens of other national retailers all located within a five minute drive of the property. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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