2590 Beach Boulevard

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2590 Beach Boulevard

Biloxi, MS 39531
Asking Price
$3.35M
Cap Rate
5.75%
Asset Type
Retail
Class
Class B

What's Special

Raising Cane's Ground Lease | Edgewater Mall Outparcel | 1.8-Year Term | Credit Tenant <p><span style="color: rgba(6, 34, 57, 1)">Durable Cash Flow</span></p><ul><li>​<span style="color: rgba(1, 21, 29, 1)">The asset features a creditworthy tenant with a 1.8-year remaining lease term. The lease structure provides contractual NOI growth through built-in escalations and offers substantial upside potential through renewal options.</span></li></ul><p></p><p><span style="color: rgba(6, 34, 57, 1)">Central Location</span></p><ul><li>​<span style="color: rgba(6, 34, 57, 1)">Prime Highway

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NOI
$80,000
Cap Rate
2.39%
DSCR
0.40
Underwater
Cash-on-Cash
-11.83%
Monthly Payment
$16,573.972
Annual Cash Flow
$-118,887.666

Location & Travel Times