Investment Overview

The subject property is a freestanding Walgreens located at 1417 E Pass Rd, Gulfport, Mississippi 39507. The property is leased to Walgreens under an Absolute NNN (Absolute Net) Lease with a corporate guarantee and no landlord responsibilities, making it a truly passive investment for the ownership. Strategically positioned along East Pass Road, the property benefits from strong visibility and convenient access within one of Gulfport’s established retail corridors. East Pass Road carries approximately 20,438 vehicles per day, near Cowan Road / MS-605, which carries approximately 16,669 vehicles per day. The surrounding trade area includes Rouses Market, Walmart Neighborhood Market, Handsboro Square, Edgewater Mall, and Gulfport Premium Outlets, providing consistent retail synergy and strong consumer draw. Gulfport is a major Mississippi Gulf Coast tourism destination approximately 1.5 hours from New Orleans, offering beaches, casinos, resorts, and a wide range of recreation, healthcare, military, and port-related employment opportunities. Major regional support comes from the Port of Gulfport, Memorial Hospital, Merit Health, Keesler Medical Center, Naval Construction Battalion Center, Keesler Air Force Base, Gulfport Combat Readiness Training Center, and Gulfport-Biloxi International Airport, which together contribute to a stable economy and long-term demand drivers for the area.