Gulfport, MS - Walgreens (Dollar Tree Sublease)

Description:

• The tenant has 14 years of firm term remaining with an additional 10 (5-year) option periods to extend
• The lease is signed by Walgreen Co.
• Walgreens currently subleases the property to Dollar Tree
• The lease is absolute NNN with zero landlord responsibilities
• The subject is among the most visited Discount & Dollar Stores in the state of Mississippi with 209.4K annual visits, ranking in the top 88th percentile (per Placer.ai, July 2024-June 2025)

• Strategically located along 25th Avenue with clear visibility and access to an average of 40,000 vehicles passing by daily
• The property also benefits from nearby access to Interstate 10 (55,000 VPD)
• The property is near Gulfport Premium Outlets (300K+ SF), Gulfport Plaza (238K+ SF), Crossroads Center (554K+ SF), and other major centers
• The surrounding national/credit tenants include Lowe’s, CVS, Advance Auto Parts, Home Depot, Walmart Supercenter, and many others
• Memorial Health Systems Hospital (328 beds), Gulfport-Biloxi International Airport, and the Naval Construction Battalion Center (NCBC) also support the trade area
• More than 59,400 residents and 44,200 employees support the trade area

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Listing ID: a288X000007VmkmQAC