The Goodyear Tire & Rubber Company NNN Property For Sale — Biloxi, MS · 5,772 SF · $999K
Biloxi, MS 39531
Exceptional single-tenant net-leased retail investment opportunity featuring a 5,772 SF building occupied by The Goodyear Tire & Rubber Company. The tenant has successfully operated at this location for 40 years and recently executed a new 5-year lease extension, reflecting a strong long-term commitment to the market. Strategically positioned along Pass Road—a primary commercial and retail artery in Biloxi with robust traffic counts and high visibility—the property offers passive income backed by a nationally recognized corporate credit tenant. The lease includes two 5-year renewal options extending through 2040 with scheduled rental increases ($5,395/month in Option 1 and $5,627/month in Option 2), providing built-in long-term growth and stability.
- Address: 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: $5,395/month; Option 2: $5,627/month
- Guarantor: Corporate
Location
This The Goodyear Tire & Rubber Company property is in Biloxi, Mississippi.
Asset type: Retail - Automotive