Investment Overview

Marcus & Millichap of Baton Rouge is pleased to present the exclusive listing for the Jimmy John’s & Cricket Wireless retail strip center located in Biloxi, Mississippi. The property consists of roughly 2,650 rentable square feet of building space on an estimated 0.32-acre parcel of land. Both tenants exercised 5 year leases in February and August of 2022, thus providing an investor with sufficient term and low-maintenance opportunity. Jimmy John’s and Cricket Wireless both benefit from its corner location situated along Pass Road, which sees over a combined 29,700 vehicles per day. Plenty of rooftops surround this property due to its proximity to the beach. Keesler Air Force Base is also just to the East, which houses and trains approx. 3,100 students. Surrounding retailers include, but not limited to: Planet Fitness, Petco, Office Depot, Starbucks, Walgreens, and many others. Pass Road is also just 1 mile from the beach (Gulf of Mexico) which sees an additional 30,000+ vehicles. Biloxi is located between the two major cities of New Orleans and Mobile bringing in additional traffic to the area. Please note Jimmy John's is a Gross Lease, but paying $15/SF higher than Cricket's NNN rental rate, which mitigates LL exposure.