Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ground Lease Restaurant Outparcel Title is generated by Realmo AI

    2590 Beach Boulevard, Biloxi, MS 39531

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Ground lease anchored by Raising Cane’s on an outparcel adjacent to major retail centers with a near-term remaining term.

    Type:Retail
    Property size:
    3,479 SF
    Price / SF:
    $962/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 5:18 am

    Property Features for 2590 Beach Boulevard

    General Information

    Standard status
    Active
    Size
    3,479 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2013

    We can help!

    Listing Contact
    Alex Geanakos
    Alex Geanakos

    Listing agent Alex Geanakos License #IL: #475.189621

    Listing office JLL - New York City, New York

    Listing date Jun 2, 2026

    Source Crexi

    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 - New York City, New York

    HighLights

    • Ground lease at 2590 Beach Blvd, Biloxi, MS, adjacent to Edgewater Mall.
    • Tenant: Raising Cane’s; asset has 1.8 years remaining on the current lease term.
    • Total annual base rent of $192,456.
    • No rental increases for the remainder of the initial lease term.
    • Four 5‑year renewal options with 10% increases per option period.
    • Outparcel location along Beach Blvd next to Edgewater Mall and a Walmart Supercenter.

    Overview

    This offering is a ground lease with Raising Cane’s as the tenant, generating total annual base rent of $192,456. The current lease term has 1.8 years remaining, with no rental increases for the remainder of the initial term. The lease also includes four 5-year renewal options, each with 10% increases per option period.

    The property is positioned as an outparcel to Edgewater Mall and a Walmart Supercenter along Beach Boulevard. The surrounding retail thoroughfare is described as highly trafficked, with traffic counts exceeding 30,000 vehicles per day. The provided market context includes a Biloxi MSA with over 416,000 residents and an average household income exceeding $87,000 within a five-mile radius.

    For operators and investors, the structure provides a stabilized, income-producing ground lease with a creditworthy national tenant. The near-term rollover is balanced by the included renewal options and scheduled rental increases during each option period, offering a defined path for future lease extensions.
    Location Intelligence

    Current Use by Public Records

    Raising Cane's Chicken ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • King Buffet — 227 Eisenhower Dr, Biloxi, MS 39531

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.988951
    Latitude
    30.389867

    Nearby Similar for Sale

    • $6,250,000
      19,528 SF

      Leased Medical Office Complex

      Three-building medical office complex in Biloxi, fully leased.
      14213 Cook Road, Biloxi, MS 39532
      View Details
    • $595,000
      1,435 SF

      Turn-Key Commercial Building in Biloxi

      High-traffic location suitable for various businesses, FF&E negotiable.
      934 Cedar Lake Road, Biloxi, MS 39532
      View Details
    • $239,000
      1,592 SF

      Charming Biloxi Commercial Property

      Versatile commercial property in a rapidly developing Biloxi location.
      266 Debuys Road, Biloxi, MS 39531
      View Details
    • $1,900,000
      18,000 SF

      Biloxi Mixed-Use Commercial Building

      Three-story building in Biloxi's historic downtown with income potential.
      713 Howard Avenue, Biloxi, MS 39530
      View Details
    • $349,900
      3,200 SF

      Biloxi Commercial Investment Opportunity

      Commercial property in Biloxi, zoned RB (Regional Business).
      282 Lameuse Street, Biloxi, MS 39530
      View Details
    • $670,000
      16,300 SF

      Turnkey Dental Office with Residence

      Fully equipped dental office with attached residential unit for sale.
      1070 Judge Sekul Avenue, Biloxi, MS 39530
      View Details
    • $129,000
      1,350 SF

      Biloxi Office Building For Sale

      Office building in a sought-after business district.
      759 Mcelroy Street, Biloxi, MS 39530
      View Details
    • $525,000
      4,964 SF

      Biloxi Commercial Property on Pass

      Prime commercial property with high visibility and versatile zoning.
      1731 Pass Rd, Biloxi, MS
      View Details
    • $549,000
      3,488 SF

      Biloxi Commercial Daycare Opportunity

      Daycare facility with 66-child capacity in central Biloxi location.
      890 Vee Street, Biloxi, MS 39532
      View Details
    • $648,000
      6,384 SF

      Biloxi Flex Space Opportunity

      Flex space building on 0.81 acres in Biloxi, MS.
      198 Main Street, Biloxi, MS 39530
      View Details
    • $500,000
      7,021 SF

      Commercial Building on Busy Pass

      Commercial building on Pass Rd, ideal for retail/office/mixed-use.
      2733 Pass Road, Biloxi, MS 39531
      View Details
    • $525,000
      6,340 SF

      Two-Unit Commercial Building on Pass

      Two-unit commercial building on Pass Road with redevelopment potential.
      1885 Pass Rd, Biloxi, MS
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Ground lease anchored by Raising Cane’s on an outparcel adjacent to major retail centers with a near-term remaining term.
    Where is this conventional restaurant located?
    The property is located at 2590 Beach Boulevard Biloxi, MS.
    What is the asking price?
    The asking price for this property is $3,350,000.
    What are key features of this property?
    This property features: Ground lease at 2590 Beach Blvd, Biloxi, MS, adjacent to Edgewater Mall.; Tenant: Raising Cane’s; asset has 1.8 years remaining on the current lease term.; Total annual base rent of $192,456.
    (251) 341-1611 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Geanakos
    Alex Geanakos
    Real Estate License ID: IL: #475.189621
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2590 Beach Boulevard, Biloxi, MS 39531
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!