The Goodyear Tire & Rubber Company NNN Property For Sale — Biloxi, MS
2585 Pass Road, Biloxi, MS 39531
Discover an exceptional single-tenant NNN retail investment opportunity in Biloxi, MS. This property is strategically located at 2585 Pass Road, within a vibrant retail and entertainment district, ensuring high visibility and strong traffic counts. Leased to The Goodyear Tire & Rubber Company, a recognized automotive service brand, the tenant boasts a successful 40-year operating history at this site and recently executed a 5-year lease extension, demonstrating a strong commitment to the location. The property features a 5,772 SF retail building, built in 1987, and is offered at a 6.00% cap rate, providing stable, passive income backed by a creditworthy national tenant. The lease includes two renewal options, extending through 2040, with built-in rental increases, further enhancing long-t…
- 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 The Goodyear Tire & Rubber Company property is at 2585 Pass Road in Biloxi, Mississippi.
Asset type: Retail - Street Retail