ANICO 5008 Edgewater Mall Jan 2026

2600 Beach Boulevard, Biloxi, MI, 39531, US

Description

JLL has been retained as exclusive advisor for the sale of Edgewater Mall (the “Property”), a well-located, 100% owned, strategically positioned, single-level regional mall located in Biloxi, MS. Comprising approximately 770,335 square feet (“SF”) of gross leasable area (“GLA”), the Property offers an anchor lineup that is well-suited for its trade area including Dillard’s (187,000 SF), Belk (160,000 SF), JCPenney (100,664 SF), and Premiere Cinemas (32,812 SF).

The Property is situated on approximately 61 acres and prominently located on the heavily visited Mississippi Gulf Coast along Beach Boulevard (Route 90) between Gulfport and Biloxi.

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Attributes

Building area net

71,566 m²

Occupancy

96.1%

Land area gross

24.69 ha

Year built

1963

Year renovated

2019

Media

Investment Highlights

RARE 100% OWNERSHIP - The Property is completely owned, including all anchors and outparcels, providing increased flexibility for prospective purchasers when considering the implementation of a potential redevelopment / remerchandising strategy.

FAVORABLE REDEVELOPMENT PROFILE - Edgewater Mall's rollover profile provides ownership with maximum flexibility when formulating and implementing a potential repositioning / redevelopment plan.

IMPRESSIVE SMALL SHOP AND OVERALL OCCUPANCY - Edgewater Mall is currently 96.1% occupied overall, with small shop occupancy of 90.1%.

HEALTHY OCCUPANCY COSTS - Average occupancy costs for small shop tenants are 8.9% - well below the benchmark range of acceptable occupancy costs.

CONSISTENT SALES PRODUCTIVITY - Inline tenants at Edgewater Mall have consistently generated sales in the $350/SF range.

OWNED OUTPARCELS - Edgewater Mall features five outparcel pads as well as a three tenant strip center which generate an aggregate $840,000 of revenue.

KEY ENTERTAINMENT DRAW - Joining the Property in 2023, SkyZone - the nation’s premier indoor playground and trampoline park, provides a family-friendly entertainment offering and drives significant shopper traffic to the center - complimenting the existing Premiere LUX Cinema (Biloxi's only movie theater).

SIGNIFICANT UPSIDE POTENTIAL - Edgewater Mall includes 15 well-located available suites and kiosks totaling 20,165, presenting prospective purchasers with meaningful value creation potential via lease up.

ATTRACTIVE BASIS - A new owner’s ability to implement a successful remerchandising and / or redevelopment strategy will be greatly enhanced by an exceptionally attractive basis, providing additional flexibility with rental rates that will continue to drive occupancy.