Overview

Description

• Tenant will execute a brand new 10-year sale-leaseback at close of escrow with 2 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease includes a strong personal guarantee
• The lease features a 10% rental increases every five years and at the beginning of each option period, steadily growing NOI and hedging against inflation
• The site was newly constructed in 2021
• Tenant pays for CAM, taxes, and insurance
• No landlord responsibilities, Retail Condo Ownership
• Ideal, management-free investment for a passive investor

• Keg and Barrel currently has 3 separate locations in Mississippi, all of which are very popular and highly regarded by the local community
• Since its opening in 2020, this location has received excellent reviews, averaging 4.8 stars on Facebook and 4.5 stars on Yelp
• Keg and Barrel is located less than 2 miles from Ocean Springs Hospital
(Singing River Health Systems), a 160-bed facility
• Keg and Barrel is located on Bienville Blvd (42,000 VPD), the main retail thoroughfare of Ocean Springs
• Nearby national/credit tenants include CVS Pharmacy, Winn-Dixie, Ace Hardware, Planet Fitness, and more
• Keg and Barrel is located in a new condominium development, The Inlet (95 units), providing a direct, walkable consumer base from which to draw
• 100% of the condominiums at The Inlet were sold shortly after completion
• The 5-mile trade area is supported by over 46,500 residents and 18,000 employees
• Affluent 3-mile average household income of $86,884

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