Ground Lease Retail
For Sale
Contact for pricing
190 Eisenhower Drive, Biloxi, MS 39531
Ground lease with Murphy USA and scheduled rent escalations on a retail outparcel adjacent to Edgewater Mall.
Property Size1,200 SF
Price / SF$1,141
Days on Market69
Property Features for 190 Eisenhower Drive
General Information
Standard status
Active
Size
1,200 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Net Operating Income
$85,543
Additional Details
Traffic Count
30,000 vehicles/day
Building Details
Year Built
2013
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
(251) 341-1611
Listed By:
Mohsin Mirza · License #IL 475.189943
Source:
Crexi
Added: Jun 2
Changed: Aug 8
Last Checked: Jul 13 at 5:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
The offering is a ground lease located at 190 Eisenhower Dr in Biloxi, MS, positioned on a retail outparcel. The lease is with Murphy Oil USA, Inc., operating as a gasoline and convenience retailer. The current lease term remaining is 7.6 years, with a base rent totaling $85,543 annually. The lease includes a built-in rent escalation of 9% in March 2028, followed by flat rent through the remainder of the initial term. In addition, the ground lease provides four 5-year renewal options, each with 9% increases during the option periods.
The site is located adjacent to Edgewater Mall and a Walmart Supercenter on Beach Boulevard, a retail corridor described as highly trafficked in the offering materials. The remarks also identify the area as having strong household and population fundamentals within the Biloxi MSA, including more than 416,000 residents and average annual household income exceeding $87,000 within a five-mile radius.
For investors seeking a stabilized, income-producing ground lease, this structure provides contracted base rent with scheduled escalations and renewal opportunities. The tenant is Murphy Oil USA, Inc., a large-scale operator with a national footprint, and the property’s outparcel positioning supports continued retail-oriented tenancy.
The site is located adjacent to Edgewater Mall and a Walmart Supercenter on Beach Boulevard, a retail corridor described as highly trafficked in the offering materials. The remarks also identify the area as having strong household and population fundamentals within the Biloxi MSA, including more than 416,000 residents and average annual household income exceeding $87,000 within a five-mile radius.
For investors seeking a stabilized, income-producing ground lease, this structure provides contracted base rent with scheduled escalations and renewal opportunities. The tenant is Murphy Oil USA, Inc., a large-scale operator with a national footprint, and the property’s outparcel positioning supports continued retail-oriented tenancy.
Key Highlights
- Ground lease at 190 Eisenhower Dr, Biloxi, MS, built in 2013 and adjacent to Edgewater Mall.
- Tenant: Murphy Oil USA, Inc.; 7.6 years remaining on the lease term.
- Total annual base rent of $85,543.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
219k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 40%
Dining 30%
Shops & Services 20%
Home Improvements & Furnishings 5%
Walmart
Superstores
87,774 visits/mo
0.3 miles
McDonald's
Dining
23,649 visits/mo
0.4 miles
Murphy USA
Shops & Services
20,971 visits/mo
0.0 miles
Starbucks
Dining
19,965 visits/mo
0.4 miles
Dollar Tree
Shops & Services
16,148 visits/mo
0.4 miles
Demographics for 39531, MS
19,965
Population
9,660
Households
2.1
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
3,025
Density / Sq Mi
$54,599
Median Household Income
$37,293
Median Earnings
$1,066
Median Rent
$193,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Ground lease with Murphy USA and scheduled rent escalations on a retail outparcel adjacent to Edgewater Mall.
Where is this gas station located?
The property is located at 190 Eisenhower Drive Biloxi, MS.
What is the asking price?
The asking price for this property is $1,370,000.
What are key features of this property?
This property features: Ground lease at 190 Eisenhower Dr, Biloxi, MS, built in 2013 and adjacent to Edgewater Mall.; Tenant: Murphy Oil USA, Inc.; 7.6 years remaining on the lease term.; Total annual base rent of $85,543.
