3586 - 3516 Sangani Blvd Diberville, MS 39540

Property Details for 3586 - 3516 Sangani Blvd

Year built

2005

Lot size

4.60 lot acres

Property size

35,857 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1408E-01-001.014

APU

1408E01001014

Description

This exceptional Class A, 65,860 square foot shopping center in D'Iberville, Mississippi, presents a compelling investment opportunity. Currently 100% occupied with 22 tenants, including nationally recognized brands like Outback Steakhouse, H&R Block, and Twin Peaks, this stabilized property boasts a strong pro-forma NOI of $1,100,917 and a 7.86% cap rate. The property features two single-story buildings constructed in 2007, situated on 8.364 acres with 565 parking spaces. Located at a signalized intersection with high daily traffic counts (78,000), it benefits from its proximity to a Walmart Supercenter and other major retailers, including a shadow anchor, Academy Sports + Outdoors, driving significant foot traffic. The property is zoned C-3 (ID-A) and offers future value-add potential through upcoming lease renewals. The strong demographics of the area, with an average household income significantly above the state average, further enhance its investment appeal. Separate tax parcels offer flexibility for future investment strategies. The asking price is $14,000,000, representing a price per square foot of $212.57. This property is a fee simple ownership with a NNN lease structure. The Tesla Supercharger station on the property adds further value and traffic generation.

Location Insight

City

Diberville

County

Harrison

State

Mississippi

Longitude

-88.8941

Latitude

30.4592

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments