Freestanding Fast Food Restaurant

Retail-Commercial for Lease
Catylist Listing ID: 30443903
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail
Contiguous Space: 2,126 SF
Building Size (RSF): 2,126 SF
Gross Building Area: See Agent
Gross Land Area: 0.56 Acres
Lease Rate: $29.50 PSF (Annual)
Base Monthly Rent: $5,226
Lease Types: NNN, Absolute NNN
Building Name: Krystal's
Last Updated: 10/17/2019

Overview / Comments

Excellent freestanding restaurant space available in Gulfport, Mississippi. The property is located in the core retail trade area off of Hwy 49, which is the main arterial in Gulfport and experiences over 47,000 vehicles per day. The +/- 2,126 SF building is situated on .56 acres and was recently built in 2011 in the grocery-anchored Del Mar Plaza. There is a drive thru, ample parking, and excellent signage at the site. The property is available for sublease only, absolute NNN, and the property can be occupied until 9/20/2032. The location is the ideal location for a fast food restaurant in the booming market. The property is just north of the Gulfport premium outlets, Crossroads Mall, and numerous national retailers and restaurants.

HIGHLIGHTS:
Prime restaurant site located in the main retail corridor in Gulfport
Traffic counts in excess of 47,000 VPD
Located near numerous national retailers, restaurants in the booming Gulfport market.
Gulfport MSA- The second largest city in Mississippi, the MSA has experienced tremendous growth with a population of approximately 70,000

Expand All Available Space

Suite: 1 2,126 SF $29.50 PSF (Annual) NNN,Absolute NNN
Space Available: 2,126 SF
Lease Rate: $29.50 PSF (Annual)
$5,226 (Monthly)
Lease Type: NNN,Absolute NNN
Space Description: The building is available for sublease. The lease is absolute NNN and the tenant is responsible for all maintenance, taxes, and insurance. Occupancy cannot exceed 9/20/2032, there is +/-13 years remaining on the lease.
Space Subcategory: Net Leased
Date Available: 2/26/2019
Space Type: Sublet
Sublease Expiration Date: 9/20/2032

Additional Details

Nearest MSA: Gulfport-Biloxi
County: Harrison
Tax ID/APN: 0808E-04-010.002
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Hwy 49
Traffic/Vehicle Count: 47,000
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Excellent
Year Built: 2011
Lot Frontage: 129.3
Lot Depth: 187.4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,306 27,518 58,184
Median Age: 37.79 33.41 35.01
Households: 2,090 10,312 21,962
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