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 Market102
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: Oct 25
Last Checked: Oct 28 at 5:30AM
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
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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 / Yr
$176,624
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Fortus Pharma — 996 N Halstead Rd, Ocean Springs, MS 39564
- Coastal Pharmacy — 998 N Halstead Rd, Ocean Springs, MS 39564
- Advanced Pharmaceuticals — 998 N Halstead Rd Suite C, Ocean Springs, MS 39564
- Smoothie King — 2708 Bienville Blvd, Ocean Springs, MS 39564
- Your CBD Store | SUNMED - Ocean Springs, MS — 1626 Bienville Blvd, Ocean Springs, MS 39564
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
