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WELLS FARGO ANCHORED CENTER 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 property provides consistent rental income
from a strong tenant mix, including Wells Fargo Advisors, Enhabit Home Health & Hospice, Chuck
Kelly’s Salon & Spa (20+ years at this location), and Cat Island Coffee & Books. The development is a
collection of free standing buildings situated on 2.03 acres and surrounded by beautiful Live Oak Trees.
There are a vacant areas for additional buildings, providing even more upside.
The tenant mix includes two national tenants, Wells Fargo Advisors and Enhabit Home Health &
Hopsice. Wells Fargo Advisors is a premier financial services firm, serving investors nationwide. They
help their clients with investment planning and advise on financial goals. Enhabit Home Health &
Hospice is a Dallas, Texas-based provider of home health and hospice services. The company operates
255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama,
Florida, Georgia, Oklahoma and Mississippi.
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.
Agent is a co-owner.
development, at 360 Courthouse Road in Gulfport, MS. The property provides consistent rental income
from a strong tenant mix, including Wells Fargo Advisors, Enhabit Home Health & Hospice, Chuck
Kelly’s Salon & Spa (20+ years at this location), and Cat Island Coffee & Books. The development is a
collection of free standing buildings situated on 2.03 acres and surrounded by beautiful Live Oak Trees.
There are a vacant areas for additional buildings, providing even more upside.
The tenant mix includes two national tenants, Wells Fargo Advisors and Enhabit Home Health &
Hopsice. Wells Fargo Advisors is a premier financial services firm, serving investors nationwide. They
help their clients with investment planning and advise on financial goals. Enhabit Home Health &
Hospice is a Dallas, Texas-based provider of home health and hospice services. The company operates
255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama,
Florida, Georgia, Oklahoma and Mississippi.
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.
Agent is a co-owner.
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 | $124,372 |
Property Taxes
Parcel Number
0910P-05-043.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$124,372
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WELLS FARGO ANCHORED CENTER | 360 Courthouse Rd
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