Starbucks - Biloxi, MS (Listing Broker: Buff Teague License #: MS-21517)

JLL is pleased to offer the opportunity to acquire a fee simple asset located at 2630 Beach Blvd in Biloxi, MS, adjacent to Edgewater Mall.​ The asset generates total annual base rent of $98,750 and features a remaining lease term of 5.8 years with Starbucks Corporation (NASDAQ: SBUX) as the tenant, the preeminent global coffeehouse chain operating over 40,000 locations in more than 80 countries serving nearly four billion cups of coffee annually.​ With global comparable store sales growing 1% and revenue increasing 5% in Q4 fiscal 2025, Starbucks is recognized as the largest coffee provider in the world.​

The asset 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 property 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.​ Starbucks lease structure features a built-in rent escalation of 10% in February 2027 and then remains flat for the remainder of the initial term.​ With four 5-year renewal options featuring 10% increases each option period, the lease provides consistent cash flow growth.​ This investment presents the opportunity to acquire a stabilized, income-producing asset anchored by a creditworthy national tenant with excellent real estate fundamentals in a high-growth suburb of the Mississippi Gulf Coast.​