15123 Dedeaux Rd Gulfport, MS 39503-3120

Property Details for 15123 Dedeaux Rd

Year built

2013

Lot size

2.00 lot acres

Property size

9,322 SF

Property type

Retail residential properties

APN

0808N-04-002.000

APU

0808N04002000

Description

This exceptional investment opportunity presents a 12,480 square foot Dollar General located at 15123 Dedeaux Rd, Gulfport, MS 39503. The property, built in 2013, sits on an 87,120 square foot lot and is currently under an Absolute NNN lease with a credit-rated, corporate-guaranteed tenant, expiring July 31, 2028 (3.7 years remaining). The lease includes 5x5 renewal options. This location consistently outperforms 80% of comparable Dollar General stores nationwide and 85% within a 15-mile radius, according to Placer.AI data. The property boasts a strong 8.00% cap rate and a Net Operating Income (NOI) of $165,000, with an asking price of $2,062,500 ($165.26/sq ft). The surrounding area features a mix of commercial and residential properties, including O'Reilly Auto Parts, AutoZone, Napa Auto Parts, and Kindercare, along with numerous local businesses and churches. The property benefits from strong demographics, with approximately 63,000 people residing within a 5-mile radius, exhibiting an average annual household income of approximately $67,671. Gulfport's robust economy, including the US Naval Construction Battalion Center and thriving tourism sector, further enhances the investment potential. This is a passive investment opportunity requiring no property management. The property's location on a four-lane arterial street with a center turning lane ensures high visibility and accessibility. The proximity to Singing River Hospital (two blocks south) adds to the area's strong commercial activity.