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10545 Highway 49 38,132 SF Retail Building Gulfport, MS 39503 $8,706,048 CAD ($228.31 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Strong Financial Drivers
- Ideal Submarket Attributes
- Best-In-Class Fundamentals
Executive Summary
As exclusive advisor, Newmark is pleased to present the opportunity to acquire the leasehold interest in Best Buy Park – a 38,132 square foot best-in-class shopping center located in Gulfport, Mississippi. Anchored by investment grade retailer Best Buy, the subject property is comprised of five tenants with 76% of the gross income being derived from national tenants.
Serving the trade area since 2008, Best Buy Park features signalized access shared with a Chick-fil-A and is adjacent to Mississippi’s top performing Sam’s Club (Source: PlacerAI). Moreover, the property boasts a 56,877 VPD traffic count and is less than a half a mile north of Interstate-10. Other prominent retailers in the immediate corridor include Walmart, TJ Maxx, Home Depot, ULTA, Belk, Ross Dress for Less, Academy Sports, Michael’s, PetSmart, Hobby Lobby, Office Depot, Books A Million, Starbucks, Old Navy, and many others. Combined with Best Buy’s strong performance, the property’s prime signalized location and high-growth market, Best Buy Park is poised to deliver strong investor returns for years to come.
Serving the trade area since 2008, Best Buy Park features signalized access shared with a Chick-fil-A and is adjacent to Mississippi’s top performing Sam’s Club (Source: PlacerAI). Moreover, the property boasts a 56,877 VPD traffic count and is less than a half a mile north of Interstate-10. Other prominent retailers in the immediate corridor include Walmart, TJ Maxx, Home Depot, ULTA, Belk, Ross Dress for Less, Academy Sports, Michael’s, PetSmart, Hobby Lobby, Office Depot, Books A Million, Starbucks, Old Navy, and many others. Combined with Best Buy’s strong performance, the property’s prime signalized location and high-growth market, Best Buy Park is poised to deliver strong investor returns for years to come.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Freestanding
Building Size
38,132 SF
Building Class
B
Year Built/Renovated
2008/2009
Price
$8,706,048 CAD
Price Per SF
$228.31 CAD
Cap Rate
8.50%
NOI
$740,014 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.14
Lot Size
6.35 AC
Zoning
Commercial
Parking
294 Spaces (7.71 Spaces per 1,000 SF Leased)
Frontage
211’ on US 49 Hwy
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Affordable Dentures
- -
-
99,999 SF
- -
- -
- Best Buy
- -
-
99,999 SF
- -
- -
- Five Guys
- -
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Affordable Dentures | - | 99,999 SF | - | - | ||
| Best Buy | - | 99,999 SF | - | - | ||
| Five Guys | - | 99,999 SF | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0809D-03-001.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $715,128 CAD |
Property Taxes
Parcel Number
0809D-03-001.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$715,128 CAD
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10545 Highway 49
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