Ground Lease Restaurant
For Sale
Contact for pricing
2590 Beach Boulevard, Biloxi, MS 39531
Ground lease anchored by Raising Cane’s on an outparcel adjacent to major retail centers with a near-term remaining term.
Property Size3,479 SF
Price / SF$962.92
Days on Market71
Property Features for 2590 Beach Boulevard
General Information
Standard status
Active
Size
3,479 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$192,456
Additional Details
Traffic Count
30,000 vehicles/day
Building Details
Year Built
2013
Tenancy
Single
Listing Agency:
JLL - New York City, New York
(251) 341-1611
Listed By:
Alex Geanakos · License #IL: #475.189621
Source:
Crexi
Added: Jun 2
Changed: Aug 8
Last Checked: Jul 15 at 1:18PM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
199k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 44%
Dining 34%
Shops & Services 19%
Apparel 2%
Walmart
Superstores
87,774 visits/mo
0.4 miles
McDonald's
Dining
23,649 visits/mo
0.2 miles
Murphy USA
Shops & Services
20,971 visits/mo
0.4 miles
Starbucks
Dining
19,965 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,148 visits/mo
0.3 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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Similar Off Market Nearby
- King Buffet — 227 Eisenhower Dr, Biloxi, MS 39531
Frequently Asked Questions
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.
