Edgewater Village 2650 Beach Blvd 138,175 SF 93% Leased Retail Building Biloxi, MS 39531 $18,250,000 ($132.08/SF) 8.46% Cap Rate

Edge Capital Markets is pleased to present the opportunity to acquire Edgewater Village (“Property”), a 138,175 square-foot community shopping center in Biloxi, Mississippi. The Property is situated along US-90 and along Beach Boulevard and Eisenhower Drive, a high-traffic corridor in an area with significant barriers to entry based on the prime location on the Gulf of Mexico.
Edgewater Village is 93% leased and anchored by Dollar Tree, Hibbett Sports, America’s Thrift and Furniture City, along with a diverse collection of e-commerce-resistant and complimentary tenants, promoting cross-shopping and an enduring consumer appeal. Opportunities exists to develop a future pad buildings on Eisenhower Drive and Beach Boulevard, creating additional value.
The Property is strategically located within Biloxi’s major retail corridor that features an 867,000 square-foot Edgewater Mall and Walmart Supercenter that benefit the Property’s tenants by creating significant consumer traffic. Edgewater Mall is the largest enclosed mall in the state, with 4 million annual visits.
Edgewater Village benefits from the diverse economy located in the Gulfport and Biloxi metropolitan area, which are a part of the second largest metro in Mississippi. This part of the state is home to a multi-billion-dollar tourism industry and buoyed by a large military installation along with supporting industries.
The Property is an ideal investment that provides an investor with a reliable and stable retail property below replacement costs, creating a valuable entry point for an established retail opportunity while minimizing overall economic risk. With limited availability and low market vacancy, this Property is in a prime position for healthy cash flow for years to come in a market with little market pressure from future construction.