3516 Sangani Blvd - Retail FOR SALE


Diberville, MS 39540
$14,000,000 USD
251-591-3168
3516 Sangani Blvd, Diberville, MS for Sale
$14,000,000 USD
Retail - FOR SALE
1/20
null | 7.4% Cap Rate

3516 Sangani Blvd
Diberville, MS 39540


HIGHLIGHTS

  • Shadow Center to Academy - Academy Sports + Outdoors is immediately adjacent to the Property and serves as a shadow anchor.
  • Primary Local Shopping Center - Lakeview Village stands out as the premier shopping destination in the city.
  • Tesla Land Lease with 12 Superchargers
  • Value-add Opportunity
  • Accessibility- Well Situated Signalized intersection
  • Attractive Demographics - The population within a 15 Minute drive time is 67,354 people with an average household income of $83,157

OVERVIEW

Stirling, acting as the exclusive advisor to the Owner, is delighted to present prospective investors with the opportunity to acquire Lakeview Village II & III, situated in D’Iberville, MS, in the rapidly expanding Mississippi Gulf Coast area near Biloxi, MS. Lakeview Village II & III collectively comprise a 65,839 square foot inline neighborhood retail center, prominently shadow anchored by Academy Sports + Outdoors. Currently, the Property boasts a 100% occupancy rate with a diverse tenant mix that includes nationally recognized brands such as Outback Steakhouse, H&R Block, Great American Cookies, Twin Peaks, Marble Slab Creamery, The UPS Store, One Main Financial, Citibank and Sherwin Williams, alongside local businesses. This vibrant property represents the second and third phase of Lakeview Village and sits directly across from Walmart Supercenter in the heart of this 150-acre master planned, mixed use retail development that has nationally recognized tenants including Lowes, Walmart Supercenter, Academy Sports, Target, Best Buy, Dick’s Sporting Goods, Hobby Lobby and More. The master plan development is located on either side of Interstate 110 on the northern side of the Interstate 10 and Interstate 110 interchange, four miles from Kessler Air Force base, which has a total annual economic impact of $1.67 billion and a workforce of over 14,000 and over 13,000 retirees, and a few miles north of the Biloxi Casino District, which features eight of the Gulf Coast’s twelve casinos.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$213 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased - Retail 7.40% Cap

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

565

LAND DETAILS

LAND ACRES

8.36 AC

LAND SF

364,162 SF

ZONING

C-3 (ID-A)

APN/PARCEL ID

1408E-01-001.014,1408E-01-001.017

ASK ABOUT THIS PROPERTY

Angela McArthurStirling PropertiesMore Info
251-591-3168

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Angela McArthurStirling PropertiesMore Info
251-591-3168

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