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100% Leased w/ Land to Add On 360 Courthouse Rd 11,044 SF 100% Leased Retail Building Gulfport, MS 39507 $1,500,000 ($135.82/SF) 7.51% Cap Rate
EXECUTIVE SUMMARY
SOUTHEAST COMMERCIAL is pleased to offer FOR SALE the income producing commercial development, at 360 Courthouse Road in Gulfport, MS. The development is a collection of free standing buildings situated on 2.03 acres and surrounded by beautiful Live Oak Trees. There is a vacant area for additional buildings. The tenant mix includes two national tenants, Wells Fargo Wealth Advisors and Enhabit Home Health. And two well established local tenants Chuck Kelly's Salon (an upscale salon and spa) and Cat Island Coffee and Books.
Courthouse Road, the geographic center of the Mississippi Gulf Coast, recently underwent $6MM of renovations, and now boasts a new street scape of medians with turning lanes and plush landscaping, sidewalks, ornamental street lighting, and more.
Courthouse Road, the geographic center of the Mississippi Gulf Coast, recently underwent $6MM of renovations, and now boasts a new street scape of medians with turning lanes and plush landscaping, sidewalks, ornamental street lighting, and more.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,044 SF
Building Class
C
Year Built/Renovated
1981/2001
Price
$1,500,000
Price Per SF
$135.82
Cap Rate
7.51%
NOI
$112,650
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
2.03 AC
Zoning
Commercial
Parking
12 Spaces (1 Spaces per 1,000 SF Leased)
Frontage
179’ on Courthouse Road
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Chuck Kelly Salon & Spa
- Services
- -
- -
- Modified Gross
- -
- Nezaty's Cafe
- Accommodation and Food Services
- -
- -
- Modified Gross
- -
- Sunbelt Lighting Llc
- Retailer
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Chuck Kelly Salon & Spa | Services | - | - | Modified Gross | - | |
| Nezaty's Cafe | Accommodation and Food Services | - | - | Modified Gross | - | |
| Sunbelt Lighting Llc | Retailer | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0910P-05-043.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $118,620 |
PROPERTY TAXES
Parcel Number
0910P-05-043.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$118,620
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100% Leased w/ Land to Add On | 360 Courthouse Rd
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