Credit Anchored Strip Center - Biloxi, MS

JLL is pleased to offer the opportunity to acquire a 5,950 SF three-tenant retail strip center located at 140 Eisenhower Drive in Biloxi, MS, adjacent to Edgewater Mall. Built in 2019, this 100% occupied property generates total annual base rent of $188,747 and features an average remaining lease term of 3.1 years across three industry-leading tenants: Kay Jewelers (Signet Jewelers Limited; NYSE: SIG; S&P: BB-), the world's largest retailer of diamond jewelry; Brick & Spoon, a Southern-inspired casual dining franchise specializing in breakfast and brunch; and Verizon Wireless (NYSE: VZ; S&P: BBB+), the largest wireless telecommunications provider in the United States. The property is strategically positioned on an outparcel to Edgewater Mall and a Walmart Supercenter along Beach Boulevard, a highly trafficked retail thoroughfare experiencing over 30,000 vehicles per day. The asset benefits from outstanding surrounding demographics in the Biloxi MSA, with over 416,000 residents and average annual household income exceeding $87,000 within a five-mile radius. All tenants operate under NN lease structures with staggered expirations spanning 2028 through 2029, and the property features built-in rent escalations providing consistent cash flow growth. This investment presents the opportunity to acquire a stabilized, income-producing asset anchored by creditworthy national and regional tenants with excellent real estate fundamentals in a high-growth suburb of the Mississippi Gulf Coast.