713-417-1835
2650 Beach Blvd, Biloxi, MS for Sale
Storefront Retail/Office - FOR SALE
1/6
null | Request Cap Rate

2650 Beach Blvd
Biloxi, MS 39531


HIGHLIGHTS

  • Advantageous cost basis with value-add potential
  • Broad e-commerce resistant tenant mix
  • Adjacent to Edgewater Mall, driving over four million annual visitors
  • Walmart Supercenter shadow anchored, creating cross-traffic opportunities
  • Prominent retail location at the dominant intersection of Beach Boulevard and Eisenhower Drive
  • Diverse economy home to multi-billion-dollar tourism industry

OVERVIEW

Edge Capital Markets is pleased to present the opportunity to acquire Edgewater Village (“Property”), a 138,175 square-foot community shopping center in Biloxi, Mississippi. The Property is situated along US-90 and along Beach Boulevard and Eisenhower Drive, a high-traffic corridor in an area with significant barriers to entry based on the prime location on the Gulf of Mexico. Edgewater Village is 93% leased and anchored by Dollar Tree, Hibbett Sports, America’s Thrift and Furniture City, along with a diverse collection of e-commerce-resistant and complimentary tenants, promoting cross-shopping and an enduring consumer appeal. An opportunity exists to develop a future pad building on Eisenhower Drive, creating additional value. The Property is strategically located within Biloxi’s major retail corridor that features an 867,000 square-foot Edgewater Mall and Walmart Supercenter that benefit the Property’s tenants by creating significant consumer traffic. Edgewater Mall is the largest enclosed mall in the state, with 4 million annual visits. Edgewater Village benefits from the diverse economy located in the Gulfport and Biloxi metropolitan area, which are a part of the second largest metro in Mississippi. This part of the state is home to a multi-billion-dollar tourism industry and buoyed by a large military installation along with supporting industries. The Property is an ideal investment that provides an investor with a reliable and stable retail property below replacement costs, creating a valuable entry point for an established retail opportunity while minimizing overall economic risk. With limited availability and low market vacancy, this Property is in a prime position for healthy cash flow for years to come in a market with little market pressure from future construction.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Edgewater Village

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.7 AC

LAND SF

596,772 SF

ZONING

Commercial

APN/PARCEL ID

1110M-01-001.000

ASK ABOUT THIS PROPERTY

Kevin HollandEDGE Realty PartnersMore Info
713-417-1835

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Kevin HollandEDGE Realty PartnersMore Info
713-417-1835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.