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NNN Goodyear Tire 2585 Pass Rd 5,772 SF Retail Building Biloxi, MS 39531 $1,374,025 CAD ($238.05 CAD/SF) 6% Cap Rate



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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,772 SF
Building Class
C
Year Built
1987
Price
$1,374,025 CAD
Price Per SF
$238.05 CAD
Cap Rate
6%
NOI
$82,441 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.73 AC
Frontage
156’ on Pass Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Nov 2016
Goodyear se consacre à la production, à l'innovation et à l'entretien des meilleurs pneus au monde. Leur mission a commencé il y a bien plus d'un siècle à Akron, en Ohio, et après plus d'un siècle, Goodyear a évolué pour devenir l'une des plus grandes entreprises de pneus au monde. Chef de file mondial dans la création de l'avenir de la mobilité, Goodyear développe constamment de nouveaux produits novateurs conçus pour exploiter la puissance du mouvement vers l'avant.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | - | - | Nov 2016 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1110F-02-003.002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $87,039 CAD |
Property Taxes
Parcel Number
1110F-02-003.002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$87,039 CAD
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NNN Goodyear Tire | 2585 Pass Rd
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