Courtesy of: Tara J Wallace, Pedal Realty, LLC., pedalrealty@gmail.com
Courtesy of: Tara J Wallace, Pedal Realty, LLC., pedalrealty@gmail.com
$750,000
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Lot: 0.25 Acres
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Other
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$750,000
1707 Pass Road Turnkey investment opportunity located just half a mile from the main gate of Keesler Air Force Base. This high-visibility property sits on a 0.25-acre near corner lot at the intersection of Pass Road and Rodenberg Avenue--one of Biloxi's most heavily trafficked commercial corridors.The property features two buildings: a recently remodeled 4, 400-square-foot structure divided into two suites, complete with a new roof, updated mechanical systems, a drop ceiling, and fresh interior finishes. The second structure is a 4, 800 square foot metal building equipped with four roll-up bays, ideal for industrial, service, or automotive use.All three units are leased under newly executed five-year triple net (NNN) leases, each with personal guarantees in place. The property generates a net annual income of $59, 580, offering a strong return for investors. At a projected price of $750, 000, this asset reflects an approximate cap rate of 7.94%.This is a fully stabilized investment with no deferred maintenance in a high-demand area. Perfect for buyers seeking immediate cash flow in a growth market.
Courtesy of: Tara J Wallace, Pedal Realty, LLC., pedalrealty@gmail.com
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