Description

Pleased to offer For Sale this well positioned investment opportunity located at 2585 Pass Road in Biloxi. This single-tenant NNN retail property is leased to The Goodyear Tire & Rubber Company, one of the most recognized automotive service brands in the United States. The tenant has successfully operated at this location for 40 years, recently signing a new 5-year extension, demonstrating long-term commitment to the site and the surrounding trade area. The property features a 5,772 square foot retail building, originally constructed in 1987, and strategically positioned along Pass Road, one of Biloxi's primary commercial corridors known for its strong traffic volume and excellent visibility. The investment is offered at a 6.00% cap rate, providing investors with stable, passive income backed by a nationally recognized tenant. The lease structure also includes two renewal options, further extending the potential long-term value of the asset. Option 1 extends through 2035 with monthly rent of $5,395, while Option 2 extends through 2040 with monthly rent of $5,627, offering built-in rental growth and long-term income stability. Backed by the strength and national brand recognition of The Goodyear Tire & Rubber Company, this offering represents an excellent opportunity to acquire a high-visibility net-leased retail asset with a long-standing operating history.

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Property information

Property type

Commercial Sale

Sub-type

Retail

Year built

1987

Living area

5,772 Sq Ft

Lot size

0.72 acres

Annual taxes (2025)

$7,062

Price / Sq Ft

$173

Days on market

250

Stories

1

Parcel number

1110f-02-003.002