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2501 Bienville Blvd - Keg & Barrel: Ocean Springs, MS 6,500 SF Retail Condo Unit Offered at $1,961,000 in Ocean Springs, MS 39564
Investment Highlights
- Unique Brew-Pub Concept
- A component of the Inlet multi-use development—home to Selah Pilates & Wellness, The Coffee Vineyard and the Inlet Residences (99 units)
- Less than 2 miles east of Downtown Ocean Springs
Property Facts Under Contract
| Total Building Size | 179,257 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 6,500 SF |
| Property Subtype | Apartment | Year Built | 2020 |
| Building Class | B |
| Total Building Size | 179,257 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 6,500 SF |
| Year Built | 2020 |
1 Unit Available
Unit Retail
| Unit Size | 6,500 SF | Sale Type | Investment |
| Price | $1,961,000 | Sale Status | Under Contract |
| Price Per SF | $301.69 | Cap Rate | 7.65% |
| Condo Use | Retail | NOI | $150,016.50 |
| Unit Size | 6,500 SF |
| Price | $1,961,000 |
| Price Per SF | $301.69 |
| Condo Use | Retail |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 7.65% |
| NOI | $150,016.50 |
Description
CBRE is pleased to exclusively offer for sale the 6,500 square-foot restaurant condominium (Keg & Barrel) located within Inlet mixed-use development in Ocean Springs, MS - a component of the Gulfport-Biloxi, MS MSA (population: 427,405). Keg & Barrel will execute a 10-year absolute triple net (NNN) lease at closing with a net operating income of $150,000 and 10.00% rent escalations in year 6 and in each of the two 5-year renewal options.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 722 |
| 2+2 | 40 | - | 1,018 |
| 3+2 | 19 | - | 1,318 |
Contacts
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Abby Kelly -
Leah Lindell -
Kaitlyn Wolf -
John Lamberson -
CBRE
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2501 Bienville Blvd - Keg & Barrel: Ocean Springs, MS
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