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Walgreens (Dollar Tree Sublease) 14Yr Abs NNN 2433 25th Ave 13,975 SF Retail Building Gulfport, MS 39501 $4,483,000 ($320.79/SF) 7.25% Cap Rate
Investment Highlights
- 14 Years Remaining | Corporate Signed | Subleased to Dollar Tree
- Located Along 25th Avenue | Centralized Location | Dense Retail Trade Area | Major Nearby Economic Drivers
- Absolute NNN | Strong and Well-Performing Store
- Demographics in 5-Mile Trade Area
Executive Summary
2433 25th Avenue presents the opportunity to acquire a single-tenant retail investment positioned along one of Gulfport’s established commercial corridors. The property is occupied under a long-term corporate-backed lease structure and benefits from an absolute NNN format, providing investors with a passive ownership profile. The site is centrally located within Gulfport’s retail trade area, offering visibility along 25th Avenue and convenient access to surrounding residential neighborhoods, commercial services, and regional employment centers.
Constructed in 2013, the property is situated on approximately 1.20 acres and serves a market supported by year-round local demand and the broader Mississippi Gulf Coast economy. Gulfport is the second-largest city in Mississippi and is home to major transportation infrastructure, including Interstate 10, the Port of Gulfport, and Gulfport-Biloxi International Airport, which contribute to regional commerce and population draw. The asset’s location within an established retail corridor places it among a concentration of national and regional businesses that support ongoing consumer traffic.
Constructed in 2013, the property is situated on approximately 1.20 acres and serves a market supported by year-round local demand and the broader Mississippi Gulf Coast economy. Gulfport is the second-largest city in Mississippi and is home to major transportation infrastructure, including Interstate 10, the Port of Gulfport, and Gulfport-Biloxi International Airport, which contribute to regional commerce and population draw. The asset’s location within an established retail corridor places it among a concentration of national and regional businesses that support ongoing consumer traffic.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
13,975 SF
Building Class
B
Year Built
2013
Price
$4,483,000
Price Per SF
$320.79
Cap Rate
7.25%
NOI
$325,018
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.20 AC
Zoning
Hybrid Zone
Parking
54 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
200’ on 25th Ave
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0811C-05-025.002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $184,459 |
Property Taxes
Parcel Number
0811C-05-025.002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$184,459
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