MS
Harrison
Biloxi
39531
2585 Pass Road
2585 Pass Road, Biloxi, MS 39531
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Listing Type
Commercial/Industrial
Listing Status
Active
9
$999,000

Home Details for 2585 Pass Road

Price
$999,000
Type
Commercial Sale
Year built
1987
Lot size acres
0.72
County
Harrison
MLS Listing#
4141795
Property Description

Pleased to offer For Sale this well positioned investment opportunity located at 2585 Pass Road in Biloxi. This single-tenant NNN retail property is leased to The Goodyear Tire & Rubber Company, one of the most recognized automotive service brands in the United States. The tenant has successfully operated at this location for 40 years, recently signing a new 5-year extension, demonstrating long-term commitment to the site and the surrounding trade area. The property features a 5,772 square foot retail building, originally constructed in 1987, and strategically positioned along Pass Road, one of Biloxi's primary commercial corridors known for its strong traffic volume and excellent visibility. The investment is offered at a 6.00% cap rate, providing investors with stable, passive income backed by a nationally recognized tenant. The lease structure also includes two renewal options, further extending the potential long-term value of the asset. Option 1 extends through 2035 with monthly rent of $5,395, while Option 2 extends through 2040 with monthly rent of $5,627, offering built-in rental growth and long-term income stability. Backed by the strength and national brand recognition of The Goodyear Tire & Rubber Company, this offering represents an excellent opportunity to acquire a high-visibility net-leased retail asset with a long-standing operating history.

Property Features
    Listing Courtesy: Southeast Commercial Of MS, LLC - 228-276-2700
    Presented by: Monte S Luffey
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    EXIT MAGNOLIA COAST REALTY
    370 Courthouse Rd. Suite 104, Gulfport, MS 39507
    Office
    228 206 0708
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