Goodyear Tire & Rubber Company NNN Property For Sale — Biloxi, MS
2585 Pass Road, Biloxi, MS 39531
This well-positioned investment opportunity is located at 2585 Pass Road in Biloxi, Mississippi, within a bustling retail and entertainment district. The property features a 5,772 square foot retail building, originally constructed in 1987, and is strategically positioned along Pass Road, a primary commercial corridor known for strong traffic volume and excellent visibility. 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 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…
- Address: 2585 Pass Road, Biloxi, MS 39531
- Asking price $999,000
- 6.00% cap rate
- NOI $59,940
- 5 years remaining
- NNN lease
- Year built: 1987
- Building size: 5,772 SF
- Lot size: 0.72 acres
- Rent increases: Option 1 extends through 2035 with monthly rent of $5,395; Option 2 extends through 2040 with monthly rent of $5,627
- Guarantor: Corporate
Location
This Goodyear Tire & Rubber Company property is at 2585 Pass Road in Biloxi, Mississippi.
Asset type: Retail - Street Retail