140 Eisenhower Drive

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140 Eisenhower Drive

Biloxi, MS 39531
Asking Price
$2.44M
Cap Rate
7.75%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Three-Tenant Retail Strip | Edgewater Mall Outparcel | NN Leases | Credit Anchor Tenants <p>Durable Cash Flow</p><ul><li>​<span style="color: rgba(1, 21, 29, 1)">The asset features credit tenants with a 3.1-year weighted average lease term. The tenants' lease structure offers staggered contractual NOI growth through varying rent escalations and has substantial upside potential.</span></li></ul><p></p><p>Central Location</p><ul><li>​Prime Highway Access: Beach Blvd (US-90) frontage with ±30,000 VPD + Eisenhower Drive access (±10,100 VPD); proximity to I-10 and I-110 ensures maximum v

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NOI
$80,000
Cap Rate
3.28%
DSCR
0.55
Underwater
Cash-on-Cash
-8.86%
Monthly Payment
$12,071.789
Annual Cash Flow
$-64,861.464

Location & Travel Times