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2501 Bienville Blvd - Keg & Barrel: Ocean Springs, MS 6,500 sq ft Retail Unit Offered at £1,460,572 in Ocean Springs, MS 39564
INVESTMENT HIGHLIGHTS
- Unique Brew-Pub Concept
- A component of the Inlet multi-use development—home to Selah Pilates & Wellness, The Coffee Vineyard and the Inlet Residences (99 units)
- Less than 2 miles east of Downtown Ocean Springs
PROPERTY FACTS
| Total Property Size | 179,257 sq ft | Floors | 4 |
| Property Type | Build-to-Rent (Unit) | Typical Floor Size | 6,500 sq ft |
| Property Subtype | Apartment | Year Built | 2020 |
| Costar Property Class | B |
| Total Property Size | 179,257 sq ft |
| Property Type | Build-to-Rent (Unit) |
| Property Subtype | Apartment |
| Costar Property Class | B |
| Floors | 4 |
| Typical Floor Size | 6,500 sq ft |
| Year Built | 2020 |
1 UNIT AVAILABLE
Unit Retail
| Unit Size | 6,500 sq ft | Sale Type | Investment |
| Price | £1,460,572 | Net Initial Yield | 7.65% |
| Price Per sq ft | £224.70 | NOI | £111,733.79 |
| Unit Use | Retail |
| Unit Size | 6,500 sq ft |
| Price | £1,460,572 |
| Price Per sq ft | £224.70 |
| Unit Use | Retail |
| Sale Type | Investment |
| Net Initial Yield | 7.65% |
| NOI | £111,733.79 |
DESCRIPTION
CBRE is pleased to exclusively offer for sale the 6,500 square-foot restaurant condominium (Keg & Barrel) located within Inlet mixed-use development in Ocean Springs, MS - a component of the Gulfport-Biloxi, MS MSA (population: 427,405). Keg & Barrel will execute a 10-year absolute triple net (NNN) lease at closing with a net operating income of $150,000 and 10.00% rent escalations in year 6 and in each of the two 5-year renewal options.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 40 | - | 722 |
| 2+2 | 40 | - | 1,018 |
| 3+2 | 19 | - | 1,318 |
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Abby Kelly -
Leah Lindell -
Kaitlyn Wolf -
John Lamberson -
CBRE
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2501 Bienville Blvd - Keg & Barrel: Ocean Springs, MS
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