Office/Retail Investment Property For Sale
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||Net Leased Investment (NNN)
||Cash to Seller
Overview / Comments
This 5,000 SF retail property is located just blocks away from Keesler Air Force Base, located within the city limits of Biloxi, MS on the Mississippi Gulf Coast. The 5,000 SF building is leased to Metro Treatment of Mississippi, LP through July 2021 with a net annual operating income of $65,000.
Biloxi is a cultural melting pot set against a backdrop of sugar-white sand beaches, great deep-sea or freshwater fishing, an array of championship golf courses, museums and historic sites, tantalizing seafood restaurants, and the excitement of 24-hour non-stop casino resorts.
The Keesler AFB host unit, the 81st Training Wing, is the electronics training Center of Excellence for the U.S. Air Force. Keesler's training center handles more than 28,000 students annually, in 400 courses covering 37 different career fields. In its status as a lead joint training installation, Keesler trains not only Air Force, but Army, Navy, Marine Corps, Coast Guard, and other military and civilian federal agency personnel. According to the City of Biloxi, Keesler provides an impact of over $700 million to the local economy. (http://www.biloxi.ms.us/)
Attachments & Media
|Tenant Business Name
||Metro Treatment of Mississippi, LP
||Health Care and Social Assistance
||$13 PSF (Annual)
||Two 5-year options with increases based on CPI, not to exceed 10%
||Metro Treatment of Mississippi is owned and operated by Colonial Management Group (CMG). CMG has been operating treatment centers throughout the United States since 1986 and currently operates 66 treatment centers in 19 states.
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