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504 Highway 90

4,080 SF 100% Leased Retail Building Waveland, MS 39576 $1,980,000 ($485/SF) 7% Cap Rate

Retail Buildings Mississippi Waveland 504 Highway 90, Waveland, MS 39576

Investment Highlights

  • Attractive Lease Terms; Leased to T-Mobile (S&P: BBB) and Tropical Smoothie with both tenants operating on 10-year net-leases
  • Asset is situated along the main retail thoroughfare of Waveland along HWY-90 which sees 27,004 VPD and is shadow anchored by Walmart
  • Retail Hotspot; Surrounded by national retailers: Walmart, Lowe’s, Walgreens, Dollar Tree, Planet Fitness, Harbor Fright Tools, McDonald’s, and more
  • Brand-New Construction; High quality 4,080 square foot dual-tenant retail building that was completed in 2023
  • Hedge Against Inflation; Both tenants’ leases consist of 10% rental escalations every 5-years
  • Signalized Intersection; Site is situated on a hard-corner and shares access with the only Walmart Supercenter in Hancock county

Executive Summary

4,080 SF building available for $1,980,000.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,080 SF
Building Class
B
Year Built
2023
Price
$1,980,000
Price Per SF
$485
Cap Rate
7%
NOI
$138,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
2.25 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Nearby Major Retailers

Woodforest National Bank
Waffle House
CrossFit
1st Heritage Credit

PROPERTY TAXES

Parcel Number 138Q-0-34-003.002 Improvements Assessment $0
Land Assessment $24,150 Total Assessment $24,150

PROPERTY TAXES

Parcel Number
138Q-0-34-003.002
Land Assessment
$24,150
Improvements Assessment
$0
Total Assessment
$24,150
(312) 269-0220

Contact

  • Listing ID: 33353126

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: 504 Highway 90, Waveland, MS 39576

More public record information on 504 Highway 90, Waveland, MS 39576

The Retail Property at 504 Highway 90, Waveland, MS 39576 is currently available for sale. Contact Quantum Real Estate Advisors, Inc for more information.

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504 Highway 90, Waveland, MS for sale Building Photo- Image 1 of 9
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504 Highway 90
(312) 269-0220 x

504 Highway 90

Chad Firsel

(312) 269-0220

(312) 269-0220

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