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Single-Tenant Office Medical

Biloxi Treatment Center | NN Lease 5+ Years Remaining | Corporate Guaranteed | Strong Traffic

1989 Pass Rd, Biloxi, MS 39531

Listing Price: $953,333

Cap Rate
7.50%
Tenant Name
Metro Treatment of Mississippi, LP
Years Remaining On Lease
5.1
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$190.67
Lease Type
Double Net
Rent Per Square Feet
$14.30

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in this 5,000 SF single tenant medical office located in Biloxi, Mississippi. The building is occupied by Metro Treatment of Mississippi, LP. There are just over 5 years remaining on a Double Net lease with One, 5-Year renewal option remaining and a CPI increase in that option. The landlord is only responsible for roof, structure and foundation. The lease is corporately guaranteed by Colonial Management Group, LP. The property sits on a 1.21 acre lot along Pass Road seeing 20,000 VPD, surrounded by national retail tenants nearby including Walmart, Walgreens, Advance Auto Parts, Dollar General and more. It is situated less than 2 miles from Keesler Air Force Base and Mississippi Gulf Coast Community College, a large military base with over 11,000 active duty military and staff. The property is also located 5 miles from downtown Biloxi featuring multiple hotels, casinos and resorts along the Mississippi Gulf Coast beach, drawing over 1.7 million tourists annually.

Investment Highlights

  • NN Lease | Over 5 Years Remaining With One, 5-Year Renewal Option | CPI Increases in That Option
  • Corporately Guaranteed Lease | 70+ Locations and $33.7 Million in 2020 Revenue
  • Strong Demographics | $64,816 Average Household Income Within 5 Miles
  • Located Along a Heavily Trafficked Corner Near Keesler Air Force Base | 11,500+ Employees and Students
  • Located Near Multiple National Tenants: Walmart, Dollar General, Walgreens, Starbucks, and More

Exclusively Listed By

Single-Tenant Office Medical

Biloxi Treatment Center | NN Lease 5+ Years Remaining | Corporate Guaranteed | Strong Traffic

Listing Price: $953,333

Cap Rate
7.50%
Tenant Name
Metro Treatment of Mississippi, LP
Years Remaining On Lease
5.1
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$190.67
Lease Type
Double Net
Rent Per Square Feet
$14.30

Investment Highlights

  • NN Lease | Over 5 Years Remaining With One, 5-Year Renewal Option | CPI Increases in That Option
  • Corporately Guaranteed Lease | 70+ Locations and $33.7 Million in 2020 Revenue
  • Strong Demographics | $64,816 Average Household Income Within 5 Miles
  • Located Along a Heavily Trafficked Corner Near Keesler Air Force Base | 11,500+ Employees and Students
  • Located Near Multiple National Tenants: Walmart, Dollar General, Walgreens, Starbucks, and More

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in this 5,000 SF single tenant medical office located in Biloxi, Mississippi. The building is occupied by Metro Treatment of Mississippi, LP. There are just over 5 years remaining on a Double Net lease with One, 5-Year renewal option remaining and a CPI increase in that option. The landlord is only responsible for roof, structure and foundation. The lease is corporately guaranteed by Colonial Management Group, LP. The property sits on a 1.21 acre lot along Pass Road seeing 20,000 VPD, surrounded by national retail tenants nearby including Walmart, Walgreens, Advance Auto Parts, Dollar General and more. It is situated less than 2 miles from Keesler Air Force Base and Mississippi Gulf Coast Community College, a large military base with over 11,000 active duty military and staff. The property is also located 5 miles from downtown Biloxi featuring multiple hotels, casinos and resorts along the Mississippi Gulf Coast beach, drawing over 1.7 million tourists annually.

Exclusively Listed By

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