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3179 Mallett Rd
D'Iberville, MS 39540
Lakeview Portfolio · Retail Property For Sale
Investment Highlights
- Portfolio-wide 8.90% Cap Rate with $1,304,405 in NOI across three properties
- ?Strong 92.3% portfolio occupancy with diverse tenant mix
- 91,867 SF total across three retail centers: Lamey Bridge (26,400 SF), Mallett Road (41,467 SF), and Cinema Drive (24,000 SF)
- Prime location in the Gulfport-Biloxi MSA at major I-10/I-110 intersection serving millions of annual visitors
Executive Summary
Introducing an exceptional portfolio investment opportunity in the Gulfport-Biloxi, MS MSA, offering a strong 8.90% cap rate and $1,304,405 in NOI across three well-positioned retail centers. Spanning 91,867 SF, the portfolio includes Lamey Bridge (26,400 SF), Mallett Road (41,467 SF), and Cinema Drive (24,000 SF), and boasts a healthy 92.3% occupancy with a diverse tenant mix featuring national and regional names such as Fleet Feet, Papa John's, Keesler Federal Credit Union, and Encore Rehabilitation. Strategically located at the major I-10/I-110 intersection, the properties benefit from millions of annual visitors along with monument signage exposure along the high-traffic Mallett Road and Cinema Drive corridors. Proximity to Keesler Air Force Base and the Navy Construction Battalion Center — together representing over 31,000 personnel — provides a counter-cyclical employment base, while the region's standing as the 5th largest U.S. casino market, with a $4.1B hospitality economic impact, underscores the area's economic resilience. With flexible C-3 zoning across all three properties, this portfolio presents a compelling opportunity for investors seeking stable income backed by a diversified, high-traffic retail footprint.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
41,467 SF
Building Class
B
Year Built
2008
Price
$14,656,000
Price Per SF
$353.44
Cap Rate
8.90%
NOI
$1,304,405
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
5.07 AC
Opportunity Zone
Yes
Zoning
C-3 - Interstate Commercial District A
Parking
330 Spaces (7.96 Spaces per 1,000 SF Leased)
Frontage
523’ on Mallett Road
Property Taxes
| Parcel Number | 1408K-01-001.006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $389,808 |
Property Taxes
Parcel Number
1408K-01-001.006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$389,808
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