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Shopping Strip

NNN Jimmy John's | Cricket Wireless

2348 Pass Rd, Biloxi, MS 39531

Listing Price: $1,050,000

Cap Rate
6.76%
Gross SF
3,036
Rentable SF
3,036
Price/Gross SF
$345.85
Lot Size
0.32 acres
Year Built
1968

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 3,000 rentable square feet of building space on an estimated 0.32-acre parcel of land. Both tenants exercised 5 year NNN 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.

Investment Highlights

  • 100% Occupied | 3,000 SF Retail Building
  • New 5-Yr NNN Leases | Each w/ 5-Yr Options
  • Low-Maintenance | Bite-Sized Deal
  • Great Location | Traffic Counts +/- 30,000

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Shopping Strip

NNN Jimmy John's | Cricket Wireless

Listing Price: $1,050,000

Cap Rate
6.76%
Gross SF
3,036
Rentable SF
3,036
Price/Gross SF
$345.85
Lot Size
0.32 acres
Year Built
1968

Investment Highlights

  • 100% Occupied | 3,000 SF Retail Building
  • New 5-Yr NNN Leases | Each w/ 5-Yr Options
  • Low-Maintenance | Bite-Sized Deal
  • Great Location | Traffic Counts +/- 30,000

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 3,000 rentable square feet of building space on an estimated 0.32-acre parcel of land. Both tenants exercised 5 year NNN 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.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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