1307-1355 E Pass Rd
Gulfport, MS 39507
Auction:8/7 - 8/9: Handsboro Square · Retail Property For Sale

Property Tours will be held by appointment only. To Schedule a Tour, please contact Justin Toomey at (251) 375-2488 or jbtoomey@stirlingprop.com. Offering Stirling Properties is pleased to offer for sale the fee simple interest in a Rouses Grocery Market multi tenant Shopping Center in Gulfport, Mississippi. Gulfport is located just west of Biloxi, Mississippi along the Gulf Coast. Retail Corridor Located approximately three miles south of Interstate 10 at the corner of East Pass Road and Cowan Road, this property sits along one of the main retail corridors in Gulfport and at one of the busiest intersections. The property is surrounded by numerous retailers (Walmart Neighborhood Market, Walgreens, CVS), fast food restaurants (Taco Bell, McDonald's, Checkers, KFC), as well as multifamily and residential properties. Location The Property is located in a dominate retail corridor at a signalized, hard corner interection. East Pass Road and Cowan Road have a traffic count is 54,000 vehicles per day (ADT 2016). The property is 3 miles south of Interstate 10 and just 1 mile north of East Beach Boulevard which is a main feeder route to the Mississippi beach from Interstate 10. Access The property is 3 miles south of Interstate 10 and just 1 mile north of East Beach Boulevard which is a main feeder route to the Mississippi beach from Interstate 10. Access The property has multiple points of ingress and egress along East Pass Road, Cowan Road, and Watkins Avenue. Parking There are 694 parking spaces on the parcel. Development Potential Given the excessive amount of parking for the center, there is the possibility for a ground lease or sale of an outparcel facing E. Pass Road. Additionally, the former Kmart space totaling 86,479 SF has numerous prospects in the 30,000 SF range. This property is a tremendous value add opportunity for prospective buyers including a new 28,000 SF ñ lease with a fitness center on a 10 year deal with an average base rent of $5.25/SF NNN.