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Investment Highlights
- Value-add possibility through leasing the remaining vacant units
- Limited e-commerce exposure; tenancy focused on necessity-based and experiential uses
- Average WALT of 6.10 years across the portfolio
Executive Summary
Lakeview Village is a three-property neighborhood retail portfolio strategically positioned in the heart of the D’Iberville submarket within the Gulfport–Biloxi MSA. The portfolio totals 91,867 square feet across three complementary retail centers located along Lamey Bridge Road, Mallet Road, and Cinema Drive. Each asset benefits from prominent placement within a high-traffic retail corridor immediately adjacent to Interstate 10 and Interstate 110, two of the Gulf Coast’s primary commercial and commuter thoroughfares that connect the broader Biloxi, Gulfport, and coastal tourism markets.
The centers are designed to serve daily consumer needs and service-oriented tenancy, offering a diversified mix of medical providers, financial services, restaurants, fitness operators, and specialty retailers. The portfolio’s strong in-place occupancy reflects consistent tenant demand and is supported by a stable regional employment base anchored by Keesler Air Force Base, the Naval Construction Battalion Center (Seabee Base), and the expanding Biloxi–D’Iberville hospitality and gaming economy.
Lakeview Village sits immediately east of the region’s dominant big-box retail cluster anchored by Walmart, Target, Lowe’s, and Academy Sports. The portfolio also benefits from its immediate proximity to the planned Bass Pro Shops outdoor superstore, a 75,000-square-foot destination retail development planned on approximately 60 acres and scheduled to open in 2027. This major retail anchor, together with continued investment in new casino developments along the Mississippi Gulf Coast, is expected to significantly increase regional visitation, consumer dwell time, and retail spending throughout the corridor—further strengthening the long-term positioning of surrounding neighborhood retail assets.
The centers are designed to serve daily consumer needs and service-oriented tenancy, offering a diversified mix of medical providers, financial services, restaurants, fitness operators, and specialty retailers. The portfolio’s strong in-place occupancy reflects consistent tenant demand and is supported by a stable regional employment base anchored by Keesler Air Force Base, the Naval Construction Battalion Center (Seabee Base), and the expanding Biloxi–D’Iberville hospitality and gaming economy.
Lakeview Village sits immediately east of the region’s dominant big-box retail cluster anchored by Walmart, Target, Lowe’s, and Academy Sports. The portfolio also benefits from its immediate proximity to the planned Bass Pro Shops outdoor superstore, a 75,000-square-foot destination retail development planned on approximately 60 acres and scheduled to open in 2027. This major retail anchor, together with continued investment in new casino developments along the Mississippi Gulf Coast, is expected to significantly increase regional visitation, consumer dwell time, and retail spending throughout the corridor—further strengthening the long-term positioning of surrounding neighborhood retail assets.
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Property Facts
| Price | $16,818,000 | Number of Properties | 3 |
| Price / SF | $175.50 / SF | Individually For Sale | 0 |
| Cap Rate | 8.11% | Total Building Size | 95,829 SF |
| Sale Type | Investment | Total Land Area | 15.87 AC |
| Status | Active |
| Price | $16,818,000 |
| Price / SF | $175.50 / SF |
| Cap Rate | 8.11% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 95,829 SF |
| Total Land Area | 15.87 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3179 Mallett Rd, Diberville, MS 39540 | Retail | 41,467 SF | 2008 | - |
|
The Shops at Lakeview
11505 Cinema Dr, Diberville, MS 39540 |
Retail | 27,520 SF | 2008 | - |
|
phase V
11516 Lamey Bridge Rd, Diberville, MS 39540 |
Retail | 26,842 SF | 2007 | - |
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