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NNN Goodyear Tire 2585 Pass Rd 5,772 SF Retail Building Biloxi, MS 39531 $1,389,189 CAD ($240.68 CAD/SF) 6% Cap Rate

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Executive Summary

Southeast Commercial is pleased to offer For Sale this well positioned investment opportunity located at 2585 Pass Road in Biloxi. This single-tenant NNN retail property is leased to The Goodyear Tire & Rubber Company, one of the most recognized automotive service brands in the United States. The tenant has successfully operated at this location for 40 years, recently signing a new 5-year extension, demonstrating long-term commitment to the site and the surrounding trade area. The property features a 5,772 square foot retail building, originally constructed in 1987, and strategically positioned along Pass Road, one of Biloxi’s primary commercial corridors known for its strong traffic volume and excellent visibility. The investment is offered at a 6.00% cap rate, providing investors with stable, passive income backed by a nationally recognized tenant. The lease structure also includes two renewal options, further extending the potential long-term value of the asset. Option 1 extends through 2035 with monthly rent of $5,395, while Option 2 extends through 2040 with monthly rent of $5,627, offering built-in rental growth and long-term income stability. Backed by the strength and national brand recognition of The Goodyear Tire & Rubber Company, this offering represents an excellent opportunity to acquire a high-visibility net-leased retail asset with a long-standing operating history.

Goodyear PDF

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Freestanding

Building Size

5,772 SF

Building Class

Year Built

1987

Price

$1,389,189 CAD

Price Per SF

$240.68 CAD

Cap Rate

NOI

$83,351 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

0.73 AC

Frontage

156’ on Pass Rd

Major Tenants

Retailer
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Nov 2016

Goodyear is a global tire manufacturer serving consumer, commercial, aviation, and industrial markets. The company was founded in 1898 by Frank Seiberling in Akron, Ohio, and was named after Charles Goodyear, the inventor of vulcanized rubber. Goodyear designs, manufactures, and markets tires for passenger vehicles, commercial trucks, aircraft, motorcycles, and off-road equipment, along with related services and solutions. The company operates manufacturing, research, distribution, and retail facilities across multiple regions worldwide. Goodyear is publicly traded on the Nasdaq under the ticker symbol GT. Over its operating history, the company has been recognized for several industry milestones, including the introduction of the Goodyear Blimp in 1925, which remains a widely recognized corporate symbol, and its long-standing involvement in motorsports and aviation tire supply.