Lakeview Portfolio
Diberville, MS, 39540
$14,656,000
Sale Price
Property Details
Property Description
Introducing an exceptional portfolio investment opportunity in the Gulfport-Biloxi, MS MSA, offering a strong 8.90% cap rate and $1,304,405 in NOI across three well-positioned retail centers. Spanning 91,867 SF, the portfolio includes Lamey Bridge (26,400 SF), Mallett Road (41,467 SF), and Cinema Drive (24,000 SF), and boasts a healthy 92.3% occupancy with a diverse tenant mix featuring national and regional names such as Fleet Feet, Papa John's, Keesler Federal Credit Union, and Encore Rehabilitation. Strategically located at the major I-10/I-110 intersection, the properties benefit from millions of annual visitors along with monument signage exposure along the high-traffic Mallett Road and Cinema Drive corridors. Proximity to Keesler Air Force Base and the Navy Construction Battalion Center — together representing over 31,000 personnel — provides a counter-cyclical employment base, while the region's standing as the 5th largest U.S. casino market, with a $4.1B hospitality economic impact, underscores the area's economic resilience. With flexible C-3 zoning across all three properties, this portfolio presents a compelling opportunity for investors seeking stable income backed by a diversified, high-traffic retail footprint.
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