Drug Store Retail
For Sale
Contact for pricing
2190 Bienville Blvd, Ocean Springs, MS 39564
Drug store retail property built in 2009 with 11,945 SF available at 2190 Bienville Blvd.
Property Size11,945 SF
Price / SF$433.39
Days on Market56
Property Features for 2190 Bienville Blvd
General Information
Standard status
Active
Size
11,945 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$396,618
Additional Details
Asking Price
$4,241,900
Building Details
Year Built
2009
Buildings
1
Tenancy
Single
Listing Agency:
Net Leased Advisors
Listed By:
Matt Ragland · License #TX 646825
Source:
Crexi
Added: Jul 21
Changed: Aug 16
Last Checked: Sep 13 at 7:19AM
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 Net Leased Advisors
Investment Insights
Based on property information with market context.
This drug store retail property was built in 2009 and offers 11,945 SF of space. It is being offered for sale.
The property is located at 2190 Bienville Blvd in Ocean Springs, Mississippi 39564, providing a straightforward standalone option for retail users seeking an existing drug store-focused building configuration.
With its relatively newer construction date and dedicated retail footprint, the asset can serve as a starting point for an operator looking for a drug store retail property without relying on a redevelopment process.
The property is located at 2190 Bienville Blvd in Ocean Springs, Mississippi 39564, providing a straightforward standalone option for retail users seeking an existing drug store-focused building configuration.
With its relatively newer construction date and dedicated retail footprint, the asset can serve as a starting point for an operator looking for a drug store retail property without relying on a redevelopment process.
Key Highlights
- 11,945 SF drug store retail property
- Built in 2009
- For sale at 2190 Bienville Blvd, Ocean Springs, MS 39564
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$176,624
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,532,480
$3.5M
Cap Rate 7%
$2,523,200
$2.5M
Cap Rate 9%
$1,962,489
$2.0M
Market Conditions
NOI Build-Up for 11,945 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$255.1K $21.36/SF
− Vacancy
−$19.6K −$1.64/SF
EGI
$235.5K $19.72/SF
− OpEx
−$58.9K −$4.93/SF
NOI
$176.6K $14.79/SF
Area
Jackson County, MS
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,532,480
Cap Rate 7%
$2,523,200
Cap Rate 9%
$1,962,489
Alternative Uses
Best Use
Specialty Retail
$2.52M
$2.21M – $2.94M
NOI $176,624 @ 7.0% cap · market cap 3.41%
Second Best
Retail
$2.03M
$1.78M – $2.37M
NOI $142,195 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$3.26M
$2.86M – $3.81M
NOI $228,427 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39564, MS
42,539
Population
18,908
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
798
Density / Sq Mi
$77,300
Median Household Income
$43,754
Median Earnings
$1,314
Median Rent
$220,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drug store - Drug store retail property built in 2009 with 11,945 SF available at 2190 Bienville Blvd.
Where is this drug store located?
The property is located at 2190 Bienville Blvd Ocean Springs, MS.
What is the asking price?
The asking price for this property is $5,176,900.
What are key features of this property?
This property features: 11,945 SF drug store retail property; Built in 2009; For sale at 2190 Bienville Blvd, Ocean Springs, MS 39564
