Goodyear Tire & Rubber Company NNN Property For Sale — Biloxi, MS
2585 Pass Road, Biloxi, MS 39531
This investment opportunity features a single-tenant NNN retail property leased to a nationally recognized automotive service brand. Located along Pass Road, a primary commercial corridor in Biloxi, the property benefits from strong traffic volume and excellent visibility. The tenant has a long operating history at this site, recently signing a new 5-year extension, demonstrating their commitment to the location. The lease structure includes two renewal options, providing built-in rental growth and long-term income stability. This offering presents an opportunity to acquire a high-visibility net-leased retail asset with a long-standing operating history in a vibrant retail and entertainment district.
- 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