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12037 Indian River Rd, D'Iberville, MS, 39540

Ruby Tuesday
$1,647,213

Key Information

Cap Rate
7.25%
$ per SF
$352
Tot. SF
4,673
Lot Size
1.2 Acres
Year Built
2004
Term Remaining
± 14 Years
Type
Retail
NOI
$119,423

Highlights

• Below Market Rent | Walmart Outparcel at Signalized Intersection | 1st Parcel at I-10 & I-110 Interchange – Current rent is equal to $26/SF. Positioned at the intersection of Sangani Blvd and Indian River Rd with direct access from I-10 & I-110 split with a combined 97,445 vehicles per day (VPD), offering great access & visibility to thousands of daily travelers; prime outparcel location on a signalized corner next to a Walmart Supercenter, benefiting from strong daily consumer traffic.
• Consistent Population Growth | MS’s Most Populated County | Biloxi-Gulfport MSA – Harrison County is home to over 219,000 residents, the #1 most populated county in the state. Located only 5 miles from the Mississippi coast. D’Iberville is one of the most desirable & dependable growth markets in the Biloxi-Gulfport MSA with strong long-term fundamentals.
• Highly-Trafficked Route to New Orleans | Tourist Destination | Direct Access from Interstate Junction – located at the interchange of I-10 & I-110, D’Iberville benefits greatly from increased traffic patterns that is accompanied with beach and casino tourism. Bolstering an average of 15.7 million visitors per year in Harrison County.
• Surrounded by Major National Retailers – Including Walmart Supercenter, Lowe’s, Target, Kohl’s, Marshall’s, Chick-fil-A, Whataburger, Starbucks, Chipotle & more, driving consistent consumer activity & foot traffic.
• Nearby Keesler Air Force Base – One of the U.S. Air Force’s key training hubs; home to over 15,000 active air force & family members, including the 81st Training Wing and the 2nd Air Force, which oversees all Air Force tech training.
• Long-Term Absolute NNN Lease – Fourteen (14) years remaining in the initial term with an investor friendly lease structure.
• Attractive Building & Lot Size | Future Property Use Flexibility – existing 4,673 SF building positioned on over 1.20 AC. Creates future flexibility & various future uses for investors.

Photos

Location

Agents

Broker of Record

Phillip Carpenter

License # 8906, C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211